• Aug. 19, 2017, 4:29 am

Fundation secures credit facility

Digitally-enabled lender and credit solutions provider Fundation has secured an asset-backed credit facility from MidCap Financial. It will allow Fundation to extend small business credit.

Sam Graziano

Sam Graziano

 

Fundation provides credit to small businesses through strategic partnerships with banks, additional financial institutions and service providers to the small business market. Its current partner roster includes Regions Bank, Citizens Bank and the Minority Business Development Agency.

“We are thrilled to add another world-class institutional investor to our capital base,” Fundation CEO Sam Graziano said. “Our new relationship with MidCap provides us with substantial new lending capacity and diversifies our funding sources, allowing us to strengthen our competitive position in the small business lending market.”

 

 

 

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