Viva Capital Funding, an invoice factoring specialty finance company, closed $85 million in two bank credit facilities; consisting of $45 million for factoring and $40 million for land banking.
Viva Capital Funding closed $18.5 million of senior secured notes to a group of institutional investors. Viva Capital Funding will use the proceeds to restructure existing debt and support additional growth of the business.
Viva Capital Funding hired four new employees: Celina Barron as account manager, Paco Irigoyen as account manager, Darlene Rosales as account specialist, and Sasha Landskov as marketing specialist.
Viva Capital Funding added Sarah Williams as vice president of sales. In this new role, Williams will be responsible for implementing the strategy and direction of the company’s sales and marketing departments.