Daily News: August 25, 2014

Fortress Commits $50MM Credit Line to Swift Capital

Swift Capital announced it has secured $50 million in new debt commitments, in addition to $27.5 million of junior notes already outstanding, to support the rapid growth of its small business funding programs.

The new debt commitments, made by Fortress Credit, gives Swift Capital significant increased funding capacity to further advance its working capital solutions and provide small businesses with fast and simple access to funding where banks are unable to meet their needs.

Wilmington, DE-based Swift Capital, launched in 2011, is a direct provider of working capital solutions to the small business market.