The Fundworks, a technology-enabled small business finance company, closed $30 million of senior secured notes to a group of institutional investors. Brean Capital served as the company’s exclusive financial advisor and placement agent on the transaction. 

The Fundworks, a technology-enabled small business finance company, closed a $25 million credit facility with a commercial bank and the sale of $20 million of senior secured notes to a group of U.S.-based institutional investors. The credit facility is expandable up to a maximum of $50 million, representing a total capital raise of up to $70 million.