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VPC provides USD50m credit facility to The Credit Junction

Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, has provided a USD50 million credit facility to The Credit Junction, an online provider of working capital financing to small and mid-sized enterprises (SMEs). 

The facility will allow the company to provide comprehensive capital solutions to SMEs across the United States, with the long-term vision of transforming the way SMEs finance their working capital needs.
In addition to providing The Credit Junction with its first institutional credit facility, VPC has provided an investment to fund working capital needs in advance of the company’s equity raise expected later this year.
“Small businesses are a large segment of the marketplace that continues to be underserved by traditional banking institutions,” says Tom Welch, a principal at Victory Park Capital. “What excites us about partnering with The Credit Junction is the lack of competition and innovative financing alternatives within the SME ABL space along with its unique customer acquisition strategy. We expect to see substantial growth in the platform over the near-term and our facility is ready to support that.”
“We are extremely excited to partner with Victory Park at this stage in our company’s lifecycle,” says Michael Finkelstein, founder and CEO of The Credit Junction. “We think an opportunity exists to further disrupt small business lending and with VPC’s support, we now have the pieces in place to execute on our business plan.”

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