i2B Capital increased CFG Merchant Solutions‘ asset-based revolving line of credit from $8 million to $15 million, with an additional automatic increase to $20 million.
CFGMS is a privately owned and operated specialty finance company focused on providing working capital to small and mid-sized businesses in the U.S. that are historically underserved by traditional financial institutions.
“CFGMS gave us the perfect opportunity to show our investors how i2B can grow emerging market borrowers into much larger opportunities applying asset-based lending principals to non-traditional receivable assets,” said Larry L. Curran II, CEO of i2B Capital. “CFGMS’ continued solid financial performance, while maintaining below average loss rates, enabled us to upsize the facility to $15 million and provide an automatic increase to $20 million. It’s been a pleasure to watch the successful progress CFGMS has made in less than two years.”
CFGMS is a subsidiary of CapFlow Funding Group, a commercial finance company that offers an array of products such as factoring, purchase order finance and asset-based loans. Both companies are headquartered in Rutherford, NJ.
Headquartered in Fort Collins, CO, i2B Capital provides senior secured debt and direct asset investments for growth capital to qualifying entrepreneurs and equity-backed, emerging consumer and commercial, specialty finance companies throughout the U.S.
