Fora Financial closed a $100 million revolving credit facility with Credit Suisse and Hudson Cove Capital Management. Sector Financial provided access to the debt facility, which will give Fora Financial up to $150 million of borrowing capacity over the next two years.
Fora Financial has closed a $70 million issuance of notes and a $50 million three-year credit facility, increasing the company’s committed borrowing capacity to $120 million.
Fora Financial, a provider of working capital solutions to small- and medium-sized businesses, acquired a significant stake in US Business Funding, a provider of equipment financing and small business loans.
Fora Financial reached the milestone of providing more than $500 million of working capital to more than 10,000 customers across the country.
Fora Financial closed a $52.5 million senior revolving credit facility with a bank group led by AloStar Capital Financing serving as sole lead arranger and administrative agent.