Credit Junction snags $150 mln credit facility from MidCap Financial

The Credit Junction said April 5 that it secured a $150 million credit facility from MidCap Financial. Credit Junction, of New York, is an asset-based lender for small and mid-sized businesses. MidCap is managed by an Apollo Global Management subsidiary.


The Credit Junction Secures $150 Million Credit Facility from MidCap Financial
Enhances ability to provide growth capital to America’s supply chain economy
5 April 2018

NEW YORK (BUSINESS WIRE) – APRIL 5, 2018 – The Credit Junction, the first data-driven, asset-based lender for small and mid-sized businesses, has secured a $150 million credit facility from MidCap Financial, a leading capital provider to the middle market specialty finance industry. The facility strengthens and expands The Credit Junction’s ability to deliver comprehensive capital solutions to businesses across the United States.

The Credit Junction combines traditional credit metrics with data intelligence and partners with business owners to deliver asset-based financing alternatives unique to the needs of each borrower. Since its launch in May 2015, The Credit Junction has helped businesses across the country achieve their growth objectives while supporting job creation and development in the communities they serve.

“MidCap Financial has a deep understanding of our business and the markets we serve, and they are an ideal partner to help support our next phase of growth,” said Michael Finkelstein, CEO & Founder of The Credit Junction. “With an expanded capital base, we are enhancing our ability to deliver unique, asset-based lending solutions to support the supply chain economy. We have made significant strides to support the growth capital needs of America’s suppliers, distributors and manufacturers that are underserved by traditional banking institutions, and we look forward to working with MidCap Financial to accelerate those efforts.”

“We are very impressed by The Credit Junction’s unique combination of technology, data and human processes, and its commitment to partner with small and mid-sized businesses to meet their asset-based borrowing needs,” said Michael Cheng, Managing Director of MidCap Financial Services, LLC. “We look forward to working with Michael and his team as they continue to transform the way these businesses access capital.”

About The Credit Junction

The Credit Junction is the first data-driven asset-based lending platform and is transforming the way small and mid-size businesses access working capital, growth and supply chain financing solutions. The company combines technology and data intelligence with traditional asset-based credit metrics and offers up to $7.5 million in capital availability. The Credit Junction targets growth-oriented suppliers, distributors and manufacturers typically with revenues between $5 and $50 million. For more information, please Twitter: @CreditJunction

About MidCap Financial

MidCap Financial is a middle market-focused, balance sheet lender that provides debt solutions to companies across all industries. The company’s subsidiary, MidCap Financial Services, LLC is headquartered in Bethesda, MD, with regional offices in Atlanta, Charlotte, Chicago, Los Angeles, New York and San Francisco. The company focuses on the debt needs of the middle market in five areas:

·         General Asset-Based: working capital loans collateralized by third-party accounts receivable, inventory, and other assets;
·         Leveraged Finance: cash flow based loans to Financial Sponsor backed companies;
·         Life Sciences: financing for venture backed and micro/small cap pharmaceutical, biotech, and medical device companies;
·         Lender Finance: loans provided across the consumer and commercial finance sectors; and
·         Real Estate: loans for the acquisition, refinance and recapitalization of healthcare and commercial real estate properties.

MidCap Financial refers to MidCap FinCo Designated Activity Company, a private limited company domiciled in Ireland, and its subsidiaries. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, pursuant to an investment management agreement between Apollo Capital Management, L.P. and MidCap FinCo Designated Activity Company. References to MidCap Financial prior to January 2015 are to its predecessor, MidCap Financial, LLC.

Additional information about MidCap Financial can be found at