Daily News: November 28, 2012

Goldman Sachs Affiliate Provides Veritas With $50MM Facility


Veritas Financial announced that it has entered into a $50 million credit facility with an affiliate of Goldman Sachs. Veritas will utilize the proceeds from the credit facility to continue expanding its small business lending portfolio.

“We are pleased with the successful closing of this senior credit facility, which enhances our ability to serve our growing portfolio of borrowers,” said Mark Seigel, Veritas CFO. “These funds will help us meet the significant financing needs within our target market.”

Veritas Financial is a leading national financial services firm that provides senior secured credit facilities to small- and medium-sized businesses.