The Credit Junction, a NYC-based data-driven, asset-based lender for small and mid-sized businesses, secured a $150m credit facility from MidCap Financial.
The facility strengthens and expands The Credit Junction’s ability to deliver comprehensive capital solutions to businesses across the United States.
Launched in May 2015 by Michael Finkelstein, CEO, 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. The Credit Junction has helped businesses across the country achieve their growth objectives while supporting job creation and development in the communities they serve.
The company targets growth-oriented suppliers, distributors and manufacturers typically with revenues between $5 and $50 million offering up to $7.5m in capital.