Quiq Capital and Quiq Income Fund II entered into an amendment and upsize to its revolving credit facility with Dime Commercial Bancshares, the parent company of Dime Commercial Bank. The amendment affords Quiq the ability to, among other things, increase the borrowing capacity to $30 million, reduce the interest rate and provide additional financial flexibility and liquidity to support business growth.
“We are very pleased to announce this amendment and upsize to our Facility with Dime,” Ashish Parikh, principal at Quiq Capital, said. “The increased borrowing capacity is a testament to our growing capital base and strong fund performance since launching our Fund in 2024. The amended facility not only reduces our borrowing costs, but it also enhances our flexibility to fund attractive opportunities with compelling, risk-adjusted returns. Additionally, we believe our strong performance and our growing partnership with Dime provide us optionality to pursue strategic financings while remaining disciplined and prudent with our capital.”
Shawn Gines, executive vice president and head of corporate and specialty finance at Dime Commercial Bank, added, “Since entering our lending relationship with Quiq in 2025, we have been able to meaningfully grow our relationship in a short period of time, and our partnership is emblematic of the relationships that we strive to foster with new and existing clients. We look forward to working with the talented team at Quiq and continuing to provide bespoke capital solutions for this fast-growing firm.”
