Merchant Financial Group expanded its existing credit facility from $323 million to $372 million. IDB Bank served as sole lead arranger, sole bookrunner and administrative agent on the transaction.

The funding will be used to support the company’s growth and expansion of its financial services.

Merchant Financial Group provides working capital solutions for innovative businesses and acts as a one-stop shop for capital needs, working closely with companies at various stages in their growth.

Headquartered in NYC, IDB Bank provides a complete range of personal and commercial banking, trade services and deposit products to U.S. and international clients. It maintains branch offices in Brooklyn and Staten Island, NY; Short Hills, NJ; Southern Florida and Southern California.