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Bizcap® Secures $25 Million Revolving Line Of Credit For Auto Finance Solutions

May 03, 2022•about 3 years ago

Amount Raised

$25 Million

San Francisco

Description

BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $25 million in financing for Auto Finance Solutions (AFS), a leading financing source for independent used car dealerships to purchase wholesale inventory throughout the United States. This new financing will enable AFS to refinance existing debt, as well as to fund its strategic growth plans which include new market expansion and increasing the size of its loan portfolio.

Company Information

Company

Biz Cap

Location

San Francisco, California, United States

About

BizCap® (Business Capital since 2002) is a time-tested national commercial finance and advisory firm specializing in securing customized non-dilutive credit-based solutions for rapidly growing as well as challenged middle market companies nationwide who require unique, timely and tailored financing structures to address their particular needs, especially when conventional sources of capital are not an option. BizCap is a proud supporter of Team IMPACT, a national nonprofit that connects children facing serious and chronic Illnesses with local college athletic teams, forming life-long bonds and life-changing outcomes.

Funding Insights

Based on industry data
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