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Rdm Capital Funding Closes Up To $50.0 Million Credit Facility With Arena Investors

Apr 29, 2021about 4 years ago
Clifton

Description

RDM Capital Funding, LLC, a technology enabled specialty finance company has entered an agreement with Arena Investors, LP ("Arena"), a global asset manager, under which they will be providing a new $25 million credit facility, with an accordion up to $50 million. The agreement with Arena marks the second institutional credit facility for RDM Capital Funding, and a significant increase from their first facility of $7.5 million in 2018, which was upsized to $10 million in 2019. RDM Capital Funding was founded in 2015 and focuses on improving the economic landscape in the United States by changing the way small businesses access short-term working capital. The business has expanded significantly in both funding capability and size since the close of its first facility and will now enter a new phase of growth through the facility with Arena.

Company Information

Company

Rdm Capital Funding

Location

Clifton, Virginia, United States

About

Founded in 2015, RDM Capital Funding is a technology enabled specialty finance company, which provides working capital to small businesses. The company provides small businesses easy-to-access capital, through a quick, efficient, and transparent process. RDM is headquartered in Clifton, NJ and employs 12 personnel. See www.rdmcapitalfunding.com for more information.

FundzWatch™ Score

83
Medium Activity

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