The Credit Junction secured a $150 million credit facility from MidCap Financial.
The Credit Junction combines traditional credit metrics with data intelligence and partners with business owners to deliver asset-based financing alternatives unique to the needs of each borrower.
“MidCap Financial has a deep understanding of our business and the markets we serve, and they are an ideal partner to help support our next phase of growth,” said Michael Finkelstein, CEO and founder of The Credit Junction. “With an expanded capital base, we are enhancing our ability to deliver unique, asset-based lending solutions to support the supply chain economy.”
“We are very impressed by The Credit Junction’s unique combination of technology, data and human processes, and its commitment to partner with small and mid-sized businesses to meet their asset-based borrowing needs,” said Michael Cheng, managing director of MidCap Financial Services.
MidCap Financial is a middle market-focused, balance sheet lender that provides debt solutions to companies across all industries.