i2B Capital, a provider of direct financing to niche-market financial entrepreneurs, closed a $4 million asset-based revolving line of credit, featuring an accordion to $6 million, with CFG Merchant Solutions (CFGMS), a privately owned and operated specialty finance company focused on providing working capital to small and mid-sized businesses (merchants) in the U.S.

Larry L. Curran II, CEO of i2B Capital, said, “CFGMS gave us the perfect opportunity to apply asset-based lending principals to non-traditional receivable assets in an early stage specialty finance company. CFGMS is a new division of an established finance business with traditional bank financing; however, these receivable assets were excluded from the existing borrowing base.”

Barbara Anderson, COO at i2B Capital, commented, “Our goal over the initial 18-month funding commitment is to prepare CFGMS for more traditional institutional financing in the future. To accomplish that we will provide the growth capital along with our commercial lending expertise to help them prepare for the disciplined reporting requirements and credit processes at the next level.”

Rutherford, NJ-based CFGMS is a subsidiary of CapFlow Funding Group, a commercial finance company that offers factoring, purchase order finance and asset-based loans.