SME Direct Financing Provider Pearl Capital Receives $20M Financing

Pearl Capital Business Funding, LLC, a US provider of direct financing to small and midsize businesses, closed on a $20m financing.

New York-based global investment firm Arena Investors LP provided the funds.

The company will use the proceeds to expand operations.

Led by Solomon Lax, Chief Executive Officer, Pearl Capital operates a national origination platform that serves small and midsized business unable to access sufficient traditional financing from banks and non-banks lenders throughout the country.
This financing came after Pearl was acquired in 2015 by Capital Z Partners, a private equity investor focused exclusively in the financial services industry.



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