Monroe Capital acted as sole lead arranger and administrative agent on the funding of up to $100 million senior credit facility to support the growth of LiftForward.

New York-based LiftForward provides manufacturers, distributors and retailers with subscription software and financing solutions, allowing manufacturers to sell their goods and services as Hardware as a Service.

LiftForward is backed by IA Capital Group, a venture capital firm focused on financial technology, Syncora Holdings, a U.S.-based public insurance company, Fintech Ventures Limited, a venture firm based in the UK and other institutions.