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BofI Federal Bank Provides $15MM to CapFlow Funding Group

November 14, 2013, 07:16 AM
Filed Under: Lender Finance

BofI Federal Bank Lender Finance division announces it recently completed a $15MM asset-based credit facility for CapFlow Funding Group Managers, a specialty finance lender located in Rutherford, NJ.  In addition to replacing an existing lender, the proceeds provided to CapFlow will help to fund small and mid-sized ticket, factoring, ABL, and purchase order financing.

Andrew Coon, Managing Partner and CFO at CapFlow Funding Group stated, “The successful closing of our credit facility provides long-term financing that complements our capital structure and illustrates the strength of our business model.  This facility provides us with more efficient financing and will fund the future growth of the company.”

BofI Holding is the holding company for BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables.

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