Announcements
Channel Elevates Krogen to Head of Sales
August 27, 2026Minnetonka, MN, August 27, 2026 – Channel, a national leader in equipment finance and working capital solutions, today announced the promotion of Cory Krogen, CLFP, to Head of Sales. In this newly elevated role, Krogen will lead the company’s full sales organization with responsibility for new business development, partner and customer retention, and sales execution across both working capital and equipment finance.
Krogen’s appointment is a natural progression for someone who has been part of the Channel story from the very beginning. Joining Channel in 2010 as the company’s fourth hire, he has grown alongside the organization through every major milestone from early working capital roots to its evolution as an on-balance sheet independent lender and the launch of its equipment finance product offering. He was named Director of Sales in 2020 and most recently served as Senior Vice President of Sales before stepping into this expanded leadership role.
“Cory and I go back even further than Channel does, and I’ve watched him navigate every evolution of the business,” said Adam Peterson, Chief Executive Officer. “What has never changed throughout is how he shows up for his team, his partners, and their customers. He earns trust the old-fashioned way, one conversation and one relationship at a time. Putting him in this role is a recognition of what he has already proven, time and again. I could not be more confident in what he is going to do with it.”
In this new capacity, Krogen will lead Channel’s sales strategy and execution across both product verticals, overseeing the development and performance of its national sales team. He will be responsible for deepening partner relationships of all types and scale through product, program, and pricing negotiations. Krogen will also work closely with credit, portfolio management, and executive leadership to ensure the sales organization operates in full alignment with Channel’s broader financial and compliance objectives.
“Cory is the definition of what it means to grow with an organization and make it better at every stage,” said Ryan Schlenner, Managing Director. “He has lived every chapter of this company’s progression and brings a perspective that simply cannot be replicated. Our sales team is talented, motivated, and ready, and with Cory leading the charge, I am certain we will raise the bar on how we serve our partners and build on the momentum we have already established.”
“I am incredibly proud to step into this role and grateful for the trust placed in me,” said Krogen. “Channel has always put the relationships with its people and partners at the epicenter of what we do. That does not change and this is another opportunity to deepen them. I am excited about what this team is capable of and looking forward to the work ahead.”
Krogen holds a Bachelor of Business Administration degree from Hamline University’s School of Business and earned his CLFP designation in 2021.
About Channel Companies | Founded in 2009, the Channel family of companies is a nationwide leading provider of small business financing utilizing customized technology and business processes. The organization delivers equipment finance and working capital product solutions to small businesses through third-party partnerships, helping them provide their customers with access to capital needed to grow their business. Since its founding, Channel has funded over $4 billion to more than 41,000 businesses through over 62,000 transactions. With headquarters in Minnetonka, MN, the company has additional locations and business units operating from Kennesaw, GA, Mount Laurel, NJ, Des Moines, IA, and Marshall, MN.
Dedicated Financial GBC Welcomes Amy Pona as General Counsel
August 24, 2026
Dedicated Financial GBC is pleased to announce the appointment of Amy Pona as General Counsel. In this role, Pona will oversee the company’s legal strategy and support its continued growth and expansion. Pona brings more than a decade of legal experience in creditors’ rights, commercial litigation, and strategic business growth.
Before joining Dedicated, she spent 14 years with Gurstel Law Firm, P.C., most recently serving as Director of Strategic Growth and Marketing. Pona also spent nearly 10 years as the firm’s Director of Commercial Litigation, supervising a multi-state legal practice and representing a wide variety of creditors and debt buyers.
Her combined legal and business experience brings a valuable perspective to Dedicated’s leadership team. As General Counsel, Pona will guide legal strategy, support business initiatives, and help the organization navigate an evolving legal and regulatory landscape. Her addition further strengthens Dedicated’s leadership and infrastructure as the company continues to grow and expand its best-in-class collection services.
“I am excited to join Dedicated Financial and contribute to a company that continues to grow while staying committed to its mission and the people it serves,” said Pona. “I look forward to working alongside the Dedicated team and using my experience to support the company as it enters its next chapter.”
Fundworks Extends and Upsizes Investment-Grade Corporate Notes to $40.0 Million
July 29, 2026Salt Lake City, UT – The Fundworks, LLC (“Fundworks” or the “Company”), a leading tech-enabled provider of financing for small businesses across the U.S., announced the recent extension of their $40.0 million investment-grade corporate notes. Transaction proceeds will be used to refinance debt, extend the Company’s maturity profile and to support continued origination growth.
“We are encouraged by the continued support from investors and their confidence in our business” stated Evan Smiedt, Co-Founder and Chief Executive Officer. “This transaction strengthens our ability to invest in technology and AI infrastructure as we scale, which will enhance our underwriting capabilities and accelerate our origination growth.”
Bradley Smiedt, Co-Founder and Chairman, noted, “We are proactively taking steps to strengthen our balance sheet. By providing long-term capital visibility, these notes allow for greater flexibility in how we deploy capital to support small businesses across the nation.”
Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.
About The Fundworks:
The Fundworks is a tech-enabled finance platform providing working capital solutions to merchants to grow their businesses, take advantage of short-term opportunities and fund seasonal business fluctuations. The Company’s proprietary technology platform makes the opaque, time-consuming process of obtaining capital simple, fast and reliable. Since inception, Fundworks has funded more than $1 billion to over 15,000 small businesses throughout the United States. The Company is headquartered in Salt Lake City, UT. For more information, please visit: http://www.thefundworks.com
For more information / questions / interview requests / media inquiries, please contact:
Evan Smiedt
Email: info@thefundworks.com
Phone: (844) 644-FUND
NewCo Capital rebrands to Bizcap US, strengthening support for brokers, ISOs
July 7, 2026Miami, FL – July 7, 2026 – NewCo Capital Group has rebranded to Bizcap US, bringing its US operations under a unified global Bizcap brand that spans Australia, the UK, New Zealand, Singapore, Europe and Canada.
The move marks the next stage of growth for the US business, which has been providing funding solutions to small businesses since 2019. While the name is changing, the company will continue to operate with the same leadership, team and relationship-first approach that has made it a trusted funding partner for brokers and Independent Sales Organizations (ISOs).
By bringing its US operations under one unified brand, the company enters a new phase of global growth, further cementing Bizcap’s position as one of the world’s leading fintech providers of funding solutions for small and medium-sized businesses. The integration also enhances the US business with expanded technology, product capabilities and a dedicated Partner Portal, giving brokers and ISOs greater visibility over deals.
“Since 2019, we’ve built our business around one core principle: helping brokers and ISOs deliver fast, flexible funding solutions to their clients,” said Albert Gahfi, CEO of Bizcap US.
“This is far more than a new name and logo. Bringing our US business under the Bizcap brand unites our global operations under a single vision, led by myself and Global Co-CEO Zalman Blachman. It gives our partners access to enhanced technology, a broader product suite and the backing of a truly global business, while preserving the speed, responsiveness and relationships they’ve always valued.”
To celebrate the rebrand and global brand alignment, Bizcap US has launched Line of Capital (LOC), marking a significant expansion of its product offering in the US. Eligible businesses can now access a revolving facility up to $2 million, providing 24/7 access to working capital whenever it’s needed. Unlike a traditional term loan, customers can draw down funds on demand and only pay for what they use, giving them greater flexibility and peace of mind. Already proven across Bizcap’s global markets, LOC has delivered 200% facility utilization, demonstrating strong demand and providing brokers and ISOs with a compelling solution to offer their clients.
“On average, customers draw 200% of their approved facility over its lifetime through redraws and renewals, demonstrating the ongoing value it delivers beyond a one-off funding solution. Globally, we’re on track to fund between $2 billion and $2.5 billion this year, with more than 60% of that volume attributed to LOC. It’s a product that’s proven its value globally,” said Gahfi.
A proven business model for small business funding
Business owners around the world face a common challenge: accessing the capital they need to grow when traditional funders are unable or unwilling to help. Bizcap has built a funding model designed to solve that problem, delivering fast and flexible funding solutions across multiple international markets.
Since inception, the broader Bizcap group has supported 100,000 businesses worldwide and provided $5 billion in funding globally.
“The challenges facing small businesses are remarkably similar, regardless of where they operate,” said Bruce Gurvitsch, Chief Revenue Officer at Bizcap US.
“The transition to Bizcap US and the launch of LOC reflect the strength of a model that has been proven across multiple markets. Our partners now have the backing of a global organization with deep experience helping businesses access funding when they need it most.”
At a time when many businesses face challenges accessing traditional finance, Bizcap’s technology-driven approach is expanding access to capital through higher approval rates and no hard credit inquiries during the application process.
For brokers and ISOs, the rebrand reinforces Bizcap’s long-term commitment to the US market, combining the same trusted team and service with the scale, technology and expertise of a global organization.
Interested in learning more? Brokers and ISOs can partner with Bizcap today.
About Bizcap
Bizcap is a global non-bank business funder offering fast, flexible financing to SMEs in Australia, the US, the UK, New Zealand, Singapore, Europe and Canada. Founded in 2019, Bizcap empowers SMEs by offering approvals in as little as three hours, with same-day funding available. Bizcap has funded more than 100,000 SMEs worldwide, totaling $5 billion globally, while holding a 4.8/5 Trustpilot rating.
For more information, visit bizcapfunding.com
Media contact
Sharon Green
Media and Communications Specialist
sgreen@bizcap.com.au
New York Broadband Initiative Highlights Growing Recognition of Revenue-Based Financing
June 30, 2026Washington, D.C. — The Revenue Based Finance Coalition (RBFC) today highlighted a new broadband investment initiative from the state of New York that includes revenue-based financing (RBF) as part of a strategy to expand internet access in underserved communities and to support innovative economic development.
As part of more than $8.3 million in ConnectALL awards announced by New York State, Connect Humanity received funding to establish the NY CONNECT Fund, a lending platform designed to provide flexible, impact-focused capital and RBF to community-based internet service providers serving low-income and rural communities.
The investment reflects a growing recognition of innovative financing models. Innovative models like RBF help small businesses access capital to expand services, invest in infrastructure, and meet community needs. For many small businesses, traditional financing is not always the best option.
“This announcement demonstrates the growing recognition that revenue-based financing is a powerful tool for expanding access to capital and supporting businesses,” said Mary Donohue, Executive Director of RBFC. “Revenue-based financing provides flexible funding that allows businesses to invest in growth while aligning repayment with actual revenue performance.”
RBF has become an important source of capital for businesses seeking funding solutions that reflect the realities of fluctuating revenues and evolving market conditions. By tying repayment to future revenue rather than fixed monthly payments, RBF can provide greater flexibility while helping recipients pursue growth opportunities.
The NY CONNECT Fund will provide flexible financing to community-based internet service providers while reinvesting a portion of returns into local digital skills and device access programs. The initiative is intended to help expand affordable broadband access in communities that have historically faced barriers to connectivity.
“The inclusion of revenue-based financing in New York’s broadband strategy highlights the important role flexible capital solutions can play in addressing real-world challenges,” Donohue said. “For businesses and organizations that may face barriers to traditional financing, revenue-based financing can provide the resources needed to expand operations, invest in technology, create jobs, and pursue new opportunities.”
The announcement also underscores the broader role innovative financing solutions plays in supporting economic development, infrastructure investment, and entrepreneurship. As policymakers work to encourage growth and expand opportunity, access to diverse financing options remains critical.
“Revenue-based financing helps fill important funding gaps and provides organizations with another pathway to access capital,” Donohue said. “Whether supporting small business growth, community investment, or innovative infrastructure projects, flexible financing solutions help drive economic activity and create opportunities for long-term success.”
RBFC encourages policymakers and stakeholders to continue supporting financing models that expand access to capital and empower businesses to grow and serve their communities.
About RBFC
The Revenue Based Finance Coalition (RBFC) represents responsible providers of flexible growth-oriented funding for small and medium-sized businesses. Bringing together funders, brokers, ISOs, and industry vendors, RBFC advocates for policies that expand access to revenue-based financing, promotes regulatory compliance, and supports a sustainable financial ecosystem that helps businesses invest, hire, and grow. For more information, visit www.rbfc.net.
Milestone Capital Partners Issues $11.5 Million of Corporate Notes
June 17, 2026
Salt Lake City, UT – Milestone Capital Partners, Inc. (“Milestone”), the holding company for Milestone Bank, a leading commercial specialty finance platform, announced the successful closing of its $11.5 million corporate note financing. Proceeds from the transaction will be used to support continued growth, including the funding of new originations, and to refinance existing holding company obligations.
Since inception, Milestone has originated over $2.5 billion in loan and lease financings, with a focus on mid-ticket equipment, SBA loans, and asset-based lending.
The issuance of the corporate notes underscores management’s continued focus on scaling Milestone’s platform and delivering differentiated financing solutions to small and middle-market businesses across the country.
“As a specialty bank, our lending and leasing capabilities provide small and mid-sized businesses with flexible solutions for their growth and working capital needs,” stated Mark Yung, Chief Executive Officer and President of Milestone. “This financing strengthens our ability to meet that demand and deepen our commitment to the customers and partners who rely on us.”
Jeffrey Sugg, Chief Financial Officer of Milestone, added, “Closing this transaction strengthens our balance sheet and gives us the runway to grow originations across our core verticals. We’re pleased with the institutional support and look forward to putting this capital to work.”
Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
About Milestone Bank
Milestone Bank is a nationwide specialty lender headquartered in Salt Lake City, Utah. The bank specializes in equipment financing, SBA 7(a) lending, and asset-based lending, serving small and mid-sized businesses nationwide with a commitment to speed, transparency, and relationship-driven service. For more information, please visit: milestonebank.com
Contact:
Kristin Saracevic
VP of Human Resources, Milestone Bank
Ksaracevic@milestonebank.com
248-743-5144
Fund Street Technologies Closes $45.5 Million Investment-Grade Corporate Note to Accelerate Small Business Financing Growth
June 10, 2026Parent Company of One Park Financial Secures Investment-Grade Capital to Expand SMB Access to Funding Nationwide
COCONUT GROVE, FL — Fund Street Technologies LLC (“Fund Street”), a leading technology-enabled small business financing platform and parent company of One Park Financial, today announced the successful closing of a $45.5 million investment grade 7 year corporate note. Proceeds will support origination growth and strategic corporate initiatives, reinforcing Fund Street Technologies’ position as a premier capital access solution for small and medium-sized businesses across the United States.
Since its inception in 2010, Fund Street Technologies has originated more than $1.5 billion in small business financing and served over 100,000 businesses. The Company’s fully integrated platform—spanning deal origination, business analysis, documentation, and merchant servicing—has established Fund Street as a trusted alternative funding destination for SMB owners seeking fast, flexible access to working capital.
Through its subsidiary One Park Financial, a nationally recognized leader in small and medium size business financing solutions, Fund Street Technologies delivers a comprehensive alternative financing ecosystem—helping small businesses access capital quickly, even when traditional bank financing is out of reach.
“This transaction positions us to fully utilize our proven technology infrastructure. We’ve built our platform to handle significant scale, and now we can deploy these resources toward expanding our origination capacity and market reach.” — John Lie-Nielsen, CEO and Co-Founder, Fund Street Technologies
“We welcome the participation of institutional partners who recognize our strong track record and long-term vision. This transaction strengthens our balance sheet by providing liquidity and flexible financing to diversify our capital structure.” — Marcus Holland, Chief Financial Officer, Fund Street Technologies
Brean Capital, LLC served as Exclusive Financial Advisor and Sole Placement Agent for the transaction.
About Fund Street Technologies LLC
Founded in 2010 and headquartered in Coconut Grove, Florida, Fund Street Technologies LLC is a technology-enabled small business financing platform and parent company of One Park Financial. Combining a brokerage arm with a direct funding arm powered by advanced analytics, Fund Street Technologies has originated more than $1.5 billion in financing and served over 100,000 SMBs nationwide. For more information, visit www.fundstreet.tech.
About One Park Financial
One Park Financial is a subsidiary of Fund Street Technologies LLC and a leading alternative small business funding company dedicated to helping entrepreneurs and SMB owners access the capital they need to grow. One Park Financial connects small businesses with financing options tailored to their unique needs. For more information, visit www.oneparkfinancial.com.
Media Contact
Marcus Holland
Chief Financial Officer, Fund Street Technologies LLC
mholland@fundstreet.tech
800.924.9703
Uplyft Capital Launches MCA Affordability Calculator to Improve Transparency for Merchants and Brokers
June 5, 2026MIAMI, FL — Uplyft Capital announced the launch of its Merchant Cash Advance (MCA) Affordability Calculator, a free online tool designed to help merchants and funding professionals better evaluate working capital offers before funding decisions are made.
Available at https://uplyftcapital.com/tools/mca-affordability-calculator, the calculator was developed to address one of the most common challenges in the alternative finance industry: understanding how a proposed funding structure will impact a business’s daily cash flow.
As the MCA industry continues to grow, both merchants and brokers are placing greater emphasis on affordability, sustainability, and long-term client success. While approval speed and funding amounts remain important, many businesses now seek a clearer understanding of how repayment obligations fit within their operating cash flow.
The Uplyft Capital MCA Affordability Calculator allows users to input funding details and evaluate whether a proposed structure aligns with the merchant’s revenue and deposit activity. The tool provides a simple way to estimate payment burden and identify potential affordability concerns before a contract is signed.
“Our goal was to create a practical resource that helps merchants and brokers make more informed decisions,” said Michael Massa, CEO of Uplyft Capital.” The industry performs best when funding is structured responsibly. By giving users greater visibility into affordability, we believe we can help promote healthier outcomes for both merchants and capital providers.”
The calculator was built for a wide range of industry participants, including:
- Independent sales organizations (ISOs)
- Funding brokers
- Direct funders
- Underwriters
- Small business owners evaluating capital options
The launch reflects a broader trend across the alternative finance sector toward increased transparency and data-driven funding decisions. Merchant cash advances remain an important source of capital for businesses that may not qualify for traditional bank financing, offering rapid approvals and flexible qualification standards. However, understanding repayment obligations remains critical to ensuring a successful funding experience. Merchant cash advances are designed to provide fast access to working capital and often rely on business performance rather than traditional credit metrics when determining eligibility.
The calculator is available free of charge and can be accessed by merchants, brokers, and industry professionals nationwide.
For more information, visit Uplyft Capital’s MCA Affordability Calculator at https://uplyftcapital.com/tools/mca-affordability-calculator.
About Uplyft Capital
Uplyft Capital is a financial technology company specializing in merchant cash advances and business funding solutions for small and medium-sized businesses across the United States. Through a combination of technology-driven underwriting and funding expertise, Uplyft Capital provides access to working capital for businesses seeking fast and flexible financing options. Uplyft Capital provides MCA and business funding solutions nationwide.
