CapFin Invests in American Finance Solutions
American Finance Solutions announced a major private equity sponsor investment from CapFin Partners, a private equity investment company focused on middle market private equity. CFP also is a significant investor in Continental Business Credit. The investment with CBC will provide operational expertise, a diversified client base and a larger pool of capital for funding customers.
The transaction enables AFS to deploy $200 million in loans to small business over the next 18 months and allow AFS and CBC to service a wider range of clients from early stage small businesses to lower middle market companies with revenues up to $100 million.
The union of these two financial lending companies will widen the portfolio of services offered, which now include merchant cash advances, factoring and asset based loans. The relationship between CBC and AFS will grow the company through an expansion of staff, increase the amount of capital available to customers and reach a broader base of businesses.