Clara Capital Servicing, a provider of financial lending solutions for small and medium sized businesses (SMBs), closed a $20 million line of credit with Revere Capital, a private lending firm. The newly secured line of credit will fuel Clara Capital’s ability to accelerate growth, serve an even broader range of clients and strengthen its position as a leader in the financial services sector.
“Securing this line is a game changer for Clara in our growth journey,” Ryan Adwar, CEO of Clara Capital, said. “The additional funding strengthens our ability to deliver highly customized financing solutions to a wider range of businesses, while enhancing our position in the SMB financing marketplace. Our commitment to delivering exceptional value and support to businesses at every stage of their growth is stronger than ever and we’re excited to continue empowering companies with the resources they need to thrive.”
“This line of credit represents a significant milestone for Clara Capital, as it allows us to take our growth trajectory to the next level, while continuing to prioritize our commitment to delivering unmatched service and tailored financing options to our clients,” Matthew Byron, chief financial officer of Clara Capital, said. “The Revere team and financing solution was the right fit at the right time for Clara Capital to meet our business plan funding requirements, while accelerating the current IT infrastructure build and our soon to be announced corporate headquarter expansion.”
