RA Capital Funding, a finance lender that specializes in asset-based lending and factoring in multiple industries, has closed on a $2 million credit facility with a northeast tri-state black car service company. The financing will be used for working capital and to foster expansion.
“We are proud to have used our expertise in a challenging situation in offering this credit facility,” Gregg Rubin, president of RA Capital Funding, said. “Through this facility and others, we are able to continue the development of our portfolio in a broad range of markets, which include funding industries such as energy, IT, apparel and manufacturing to name a few. We continue to work closely with our clients in challenging situations and appreciate their confidence in our platform as we continue to grow our unique market strategy.”
