Fundation Group, a digitally-enabled lender and credit solutions provider, secured an asset-backed credit facility from MidCap Financial, a specialty finance firm focused on the middle market.

Sam Graziano, CEO of Fundation, said, “We are thrilled to add another world-class institutional investor to our capital base. Our new relationship with MidCap provides us with substantial new lending capacity and diversifies our funding sources, allowing us to strengthen our competitive position in the small business lending market.”

Fundation focuses on delivering credit to small businesses through various forms of strategic partnerships, including banks, other financial institutions and various service providers to the small business market.

Fundation currently has strategic partnerships with Regions Bank, Citizens Bank, the BancAlliance community, the Minority Business Development Agency and a host of other partners.

Fundation, majority-owned by New York-based private equity firm Garrison Investment Group, retains the vast majority of loans that it originates on its balance sheet. In August 2016, Fundation secured a $100 million asset-backed credit facility with Goldman Sachs Bank USA.

Bethesda, MA-based MidCap Financial is a middle market-focused, balance sheet lender that provides debt solutions to companies across all industries.