Fintegra secures $30m Credit Facility
By Edlyn Cardoza
The demand for working capital remains robust, and the alternative lending industry expands. Fintegra, a FinTech direct funder, has secured a credit facility of $30 million from Bastion Funding. The credit facility will help Fintegra address the growing demand from business owners for fast and reliable access to working capital. Fintegra is a market leader with respect to its commitment to transparency, trust, and integrity. The news of the Bastion credit facility comes on the heels of Fintegra’s recent announcement that Roger Ferguson, retired TIAA CEO and former Federal Reserve Vice Chair, joined its leadership team as an investor and strategic advisor.
Glenn Forman, Fintegra’s CEO, commented, “The Bastion credit facility is a terrific complement to our existing sources of credit – largely high net worth individuals and family offices. We’ve gotten to know the Bastion team quite well over the past several months and are confident that they’ll be an excellent business partner. We’ve been impressed by both their experience in the merchant cash advance space and their ethics. Securing this credit facility is another milestone in Fintegra’s journey towards becoming a household name in the small business financing industry.”
Jay Brayden, Bastion’s Managing Partner, added, “We are extremely excited about the opportunity to partner with Fintegra and its talented management team. Our partnership will allow Fintegra to support the growth of small businesses throughout the United States.”
Fintegra is waiving all processing and origination fees during March to celebrate securing its latest credit facility. “Our March Madness campaign will put more money in the hands of business owners, who can immediately invest those funds in their businesses”, commented Bret Dunlap, Fintegra’s President.
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