Alternative Small Business Financing Company Secures $70 MillionApril 22, 2016 | By: deBanked Staff
Brean Capital has successfully helped an alternative small business financing company secure $70 million. While the name was purposely undisclosed, sources say it was a Delaware-based company.
According to the announcement, “the financing round consists of a $50 million senior credit facility provided by a multi-billion dollar credit fund, and a $20 million equity investment from a middle-market private equity sponsor.” Proceeds from the transaction will be used by the Company to execute its strategic growth plan.
Brean Capital served as exclusive financial advisor to the Company.Last modified: April 22, 2016