Crown Partners Arranges Credit Facility for Fundfi
Crown Partners LP, an investment bank focused exclusively on middle-market asset-based finance, announced that it has arranged a new credit facility for Fundfi Merchant Funding LLC, providing committed capital for the company to fund the growth of its portfolio. Crown Partners served as the exclusive financial advisor to Fundfi.
Headquartered in New York, Fundfi is a leading provider of merchant cash advances, offering tailored financing solutions to businesses across various industries. The new credit facility from a national bank provides Fundfi with the balance sheet capacity to expand, as it seeks to capitalize on a growing demand for alternative financing options among businesses facing challenges in securing traditional bank loans.
““The closing of this growth financing in what has been a very challenging year in the lender finance market represents another major step forward for Fundfi and its customers.
During a time when both small businesses and the institutions that finance them have been adversely impacted by inflation, rising interest rates, and displacement in the banking sector, Crown Partners continues to serve leading specialty finance platforms in accessing efficient capital that serves its business plan.””
““This new credit facility marks a transformative step for Fundfi Merchant Funding, expanding our ability to support small and medium-sized businesses with accessible and flexible funding solutions.
Crown Partners did more than just raise capital for us – they used their detailed knowledge of how investors evaluate businesses to upgrade the way we report the KPIs that drive Fundfi’s success. This has not only made us more attractive to institutional financing sources, but has enhanced our own ability to manage our business.””
About Crown Partners — LENDER FINANCE PRACTICE
Crown Partners has specialized expertise in guiding specialty finance clients towards lower-cost capital. For over a decade, Crown’s principals have successfully arranged financing for entrepreneurial finance companies including niche originators, merchant cash advance providers, equipment finance companies, factors, and niche specialty lenders. Crown differentiates itself with a market-leading in-house data analytics team, equipped to analyze extensive datasets, allowing clients to meet the reporting requirements of institutional financial sources and investors.