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RDM Capital Funding Secures $7.5MM Credit Facility from Charleston Capital

September 14, 2018, 07:59 AM
Filed Under: Lender Finance
Related: Lender Finance

RDM Capital Funding, LLC, a technology enabled specialty finance company, announced that it has entered into a new $7.5 Million credit facility with Drift Credit Opportunities Fund, LP, an affiliate of Charleston Capital Management, LLC.

This is the first institutional credit facility for RDM Capital Funding, which was launched in 2015 and focuses on financing for small businesses throughout the United States of America.

“This facility allows us to expand our ability to serve more small businesses and help them with their working capital needs. We are pleased to partner with Charleston Capital and take this major step toward our continued growth,” said Reuven Mirlis, Chief Executive Officer of RDM.

“RDM represents an attractive opportunity for Charleston Capital as they have quickly established themselves as a disciplined underwriter with substantial operating controls,” said McLean Wilson, the Chief Executive Officer of Charleston Capital, “We expect them to become a significant presence in the space over the next few years and look forward to their continued success.”

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