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Good Funding Announces Closing Of Up To $30 Million Credit Facility

May 20, 2021•about 4 years ago
Tustin

Description

Good Funding, LLC ("Good Funding"), a recently-launched small business finance company, has closed on a $20.0 million senior revolving credit facility with a U.S.-based, credit focused asset manager. The agreement includes an accordion feature with the option to increase the credit facility to $30.0 million. The transaction represents Good Funding's inaugural institutional financing. Proceeds will be used to increase the Company's funding capabilities and execute its strategic growth plan.

Company Information

Company

Good Funding

Location

Tustin, California, United States

About

Founded in 2020, Good Funding is a privately-held financial services firm that provides alternative funding resources to America's small businesses. Our products are designed for business owners who cannot access working capital through traditional methods, or simply need funding with a rapid-fire turnaround. Good Funding allows entrepreneurs, start-ups and established businesses to build self-reliance and a brighter financial future. For more information, visit www.goodfunding.com. Media contact:Jenny AlonzoVP, Marketing714.384.7189[email protected]