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DETROIT, MICHIGAN, USA, April 23, 2024 / EINPresswire.com / -- Credibly, the fintech lending company that champions small and medium-sized businesses (SMBs) has announced the successful close of its third securitization totaling $75 million in additional funding capacity.
This milestone marks a significant achievement for the company, with KBRA assigning a “AA” credit rating to the senior notes. The issuance was well received by the capital markets and showcased Credibly’s strong origination capabilities and portfolio management. Credibly also renewed its credit facility, resulting in approximately $100 million in funding capacity for SMB receivables.
This third securitization by Credibly is a testament to the company’s commitment to providing fast and efficient funding solutions for SMBs. In addition, through its proprietary data-driven models and technology, Credibly has been able to streamline its lending process, making it easier for small businesses to access the capital they need to grow and thrive. This latest securitization, credit facility renewal, and continued investment in new technologies further strengthens Credibly’s position as a leader in the alternative lending industry.