CFG Merchant Solutions Closes $20 Million Corporate Note Financing

| By:


NEW YORK, NY. March 6, 2023cfg merchant solutions – CFG Merchant Solutions, LLC (“CFGMS”), a technology-enabled specialty finance and alternative funding provider, announced the closing of a $20.0 million investment-grade rated corporate note financing from a group of leading U.S.-based institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.

Since its founding in 2015, CFGMS has a proven track record of asset performance and profitability, and has funded more than $1.0 billion to over 25,000 small and medium-sized businesses (SMBs) across diverse industries throughout the U.S. The Company plans to use proceeds from the issuance to refinance a portion of existing debt and support continued growth of the business.

“Across the U.S. there are millions of healthy SMBs looking for financing to grow. This sector, however, is increasingly under-served by traditional financial institutions,” said Andrew Coon, Chief Executive Officer of CFGMS. “This transaction will provide CFGMS with additional flexibility and enable the Company to continue to grow our business and deliver valuable capital to customers.”

Bill Gallagher, President of CFGMS, added, “Given the volatile capital markets, the successful closing of this transaction demonstrates that institutional investors have confidence in our platform and financial performance, and expect to see continued growth. This credit investment significantly increases our funding capabilities and enhances our ability to take advantage of potential market opportunities.”

Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.

About CFG Merchant Solutions

CFG Merchant Solutions (“CFGMS”) is an independent, technology-enabled alternative funding platform focused on providing capital access to small and mid-sized businesses that have historically been undeserved by traditional financial institutions and may have experienced challenges obtaining timely financing. The Company uses its historical transactional data, proprietary underwriting, predictive analytics, and electronic payment technologies and platforms to assess risk, and provide access to flexible and timely capital.

For additional information about the Company, visit: https://cfgmerchantsolutions.com/.

Contact:
Name: Richard Polgar
Title: Chief Financial Officer
rpolgar@cfgms.com

Last modified: March 6, 2023
This is a press release account. Content posted by me are not editorials or promotions. Share your press release with us at info@debanked.com | (212) 220-9084


Category: Announcements

Home Announcements › CFG Merchant Solutions Closes $20 Million Corporate Note Financing


    Dedicated Financial GBC

    Cashyew

    Easify

    deBanked CONNECT San Diego

    BizFund

    Avanza Capital

    Teleforce

    Cloudsquare

    National Funding

    Meridian Leads

    Fresh Funding

    Torro

    Amerifi Capital

    Better Accounting Solutions

    Unique Funding Solutions

    Forward Financing

    IOU Financial

    Liquidibee

    Paz Funding Source

    FundFi

    Titan Asset Management

    Big Think Capital

    CapFront

    Spartan Capital

    BCCUSA

    Highland Hill Capital

    CFG Merchant Solutions