Libertas Funding, a technology-enabled specialty finance company that provides funding solutions to small and medium-sized businesses, entered into a warehouse financing agreement of up to $100 million with Silicon Valley Bank. Libertas Funding will use the financing for its origination of revenue-based funding to enable SMBs to achieve their growth objectives.
“We are excited to partner with Silicon Valley Bank, a true digital banking leader, whose commitment to customer service and integrity closely aligns with our core values,” Randy Saluck, CEO of Libertas Funding, said. “Now, more than ever, small and medium-sized businesses need quick access to funding to meet their working capital requirements.
“At Libertas, we recognize that every business is unique. We talk to each of our SMB customers to understand their businesses and provide financing to meet their capital needs. Our partnership with SVB enables us to provide lower cost and more flexible financing solutions to help our clients reach their goals.”
“As the economy recovers from the pandemic, supporting small businesses is as important as ever,” Nick Christian, head of specialty finance at Silicon Valley Bank, said. “We’re proud to provide this warehouse facility to Libertas as it continues to grow and help more small businesses succeed.”
Based in Greenwich, CT, Libertas Funding has provided total funding approaching $1 billion to its customers since its inception in September 2016.
