Alternative Small Business Financing Company Secures $70 Million

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.