The Credit Junction, an Arlington, VA-based online provider of working capital financing to small and mid-sized enterprises (SMEs), received a $50m loan from Victory Park Capital.
The facility will allow the company to provide comprehensive capital solutions to SMEs across the United States.
In addition to providing The Credit Junction with its first institutional credit facility, VPC has provided an investment to fund working capital needs in advance of the company’s equity raise expected later this year.
Led by Michael Finkelstein, founder and CEO, The Credit Junction is an online lending platform focused on providing working capital and supply chain financing solutions to small and mid-size businesses. The company employs an asset-based lending credit evaluation model to offer businesses up to $2M in capital availability.
FinSMEs
05/05/2015