Fora Financial Secures New $200MM Credit Facility from ATLAS and TP Angelo Gordon

Fora Financial, a provider of flexible financing to small- and medium-sized businesses (SMB) nationwide, closed a two-year, $200 million revolving credit facility. ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, will serve as senior lender for the credit facility, joined by TPG Angelo Gordon as participating lender._x000D_
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The new facility, in combination with the company’s third securitization that closed in September, will provide Fora Financial with over $325 million of senior financing capacity, expanding the company’s ability to provide timely access to capital for the SMB community._x000D_
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“It has been a busy but extremely rewarding past 90 days at Fora Financial, having now closed a new warehouse facility after completing our third and largest ever securitization in August,” Andrew Gutman, chief operating officer at Fora Financial, said. “These new financing arrangements represent yet another crucial milestone for the company on our mission to be the leading provider of flexible financing for small- and medium-sized businesses. Over the past two years, we’ve been focused on developing several key products, and this capital will help us fully realize their potential while continuing to serve as a trusted source of capital for the small business community.”_x000D_
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“We are pleased to provide Fora Financial with additional capital,” Andrew Koepke, director at ATLAS, said. “This partnership underscores our commitment to delivering meaningful financing solutions for our clients, and we are confident that the Fora Financial team, with their passionate leadership and proven track record, will continue to unlock new opportunities for small- and medium sized business owners everywhere.”_x000D_
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“We are proud to support Fora Financial in its mission of providing capital to small- and medium-sized businesses nationwide,” Aaron Ong, head of private asset-based credit at TPG Angelo Gordon, said. “Fora’s experienced leadership, proprietary technology platform and dedication to customer service make the company an ideal partner for TPG Angelo Gordon as we continue to create customized capital solutions for premier non-bank lenders.”