Exponent Financial has secured a senior secured revolving credit facility from Jovian Capital Management with total commitments of up to $20 million.
Exponent previously established credit facilities to support its issuance of business credit cards to franchise operators across the United States. The newly expanded facility will support the company’s launch and scaling of fixed-rate small business loan products tailored to multi-unit franchise operators nationwide.
“Franchise operators manage complex, multi-unit businesses across diverse brands. They see real value in being underwritten and supported at the entity level with a full understanding of their operations,” Sohel Roopani, CEO of Exponent Financial, said. “This facility enhances our ability to responsibly scale our lending portfolio and expand our reach across the national franchise ecosystem. Jovian has been a thoughtful partner, and we look forward to continuing to build together.”
Nick Acimovic, managing partner at Jovian Capital Management, said, “Exponent has assembled a strong team addressing a meaningful need within the franchise finance market. We are pleased to support their next phase of growth and believe this partnership positions the company well for continued expansion.”
