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MidCap Financial Inks $150MM Credit Facility for The Credit Junction

April 05, 2018, 07:25 AM
Filed Under: Lender Finance

The Credit Junction, the first data-driven, asset-based lender for small and mid-sized businesses, has secured a $150 million credit facility from MidCap Financial, a leading capital provider to the middle market specialty finance industry. The facility strengthens and expands The Credit Junction’s ability to deliver comprehensive capital solutions to businesses across the United States.

The Credit Junction combines traditional credit metrics with data intelligence and partners with business owners to deliver asset-based financing alternatives unique to the needs of each borrower. Since its launch in May 2015, The Credit Junction has helped businesses across the country achieve their growth objectives while supporting job creation and development in the communities they serve.

“MidCap Financial has a deep understanding of our business and the markets we serve, and they are an ideal partner to help support our next phase of growth,” said Michael Finkelstein, CEO & Founder of The Credit Junction. “With an expanded capital base, we are enhancing our ability to deliver unique, asset-based lending solutions to support the supply chain economy. We have made significant strides to support the growth capital needs of America’s suppliers, distributors and manufacturers that are underserved by traditional banking institutions, and we look forward to working with MidCap Financial to accelerate those efforts.”

“We are very impressed by The Credit Junction’s unique combination of technology, data and human processes, and its commitment to partner with small and mid-sized businesses to meet their asset-based borrowing needs,” said Michael Cheng, Managing Director of MidCap Financial Services, LLC. “We look forward to working with Michael and his team as they continue to transform the way these businesses access capital.”

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