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Monroe Capital Provides $100MM Credit Facility to LiftForward

November 18, 2016, 07:42 AM
Filed Under: Lender Finance

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of up to $100 million senior credit facility to support the growth of LiftForward, Inc. (“LiftForward”).
Based in New York, New York, LiftForward provides manufacturers, distributors and retailers with subscription software and financing solutions, allowing manufacturers to sell their goods and services as Hardware as a Service. LiftForward also supplies the financing providing a total end-to-end solution. Small businesses are able to finance up to $1 million per transaction for asset purchases or working capital. LiftForward's technology combined with its fundamental underwriting expertise allows it to make most lending decisions within minutes. LiftForward is backed by IA Capital Group, Inc., a venture capital firm focused on financial technology, Syncora Holdings, a U.S.-based public insurance company, Fintech Ventures Limited, a venture firm based in the United Kingdom, and other institutions.

This investment represents Monroe’s dedication and expertise within the specialty finance and fintech areas as we continue to grow our industry specific verticals.

Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe has been recognized by Global M&A Network as the 2015, 2014, and 2013 Small Middle Markets Lender of the Year; Private Debt Investor as the 2015 Lower Mid-Market Lender of the Year, the 2014 Senior Lender of the Year, and the 2013 Unitranche Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year.

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