Finitive Facilitates Credit Facility for Buyer of Distressed Small Business Loans
Finitive | September 15, 2020
Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, today announced that it has facilitated a credit facility for a specialty finance company that buys distressed small business loans and merchant cash advance (MCA) portfolios. The specialty finance company will use the credit facility to purchase distressed and non-performing portfolios from non-bank MCA lenders, and also from investors and warehouse lenders to MCA lenders.