Haversine Funding Announces Recent Lender Finance Closings and Facility Expansions
Haversine Funding, a trusted capital partner to the specialty finance market, is pleased to announce a new series of transactions and facility expansions, reflecting continued demand for flexible capital solutions across commercial lending platforms.
These recent deals highlight Haversine’s ability to support both new originations and existing partners through senior and subdebt credit facilities and structured participations.
Select Recent Transactions and Increases Include:
$20,000,000 increase in a senior secured revolving credit facility to a working capital bridge lender, supporting continued portfolio growth and improved capital efficiency.
$2,000,000 initial participation (with accordion to $10,000,000) in an accounts receivable facility supporting a rapidly scaling technology-enabled staffing platform serving enterprise clients.
$1,600,000 participation in a $4,000,000 factoring facility supporting a provider of optical networking hardware, tied to large-scale data center infrastructure deployments and ongoing enterprise demand.
$4,000,000 participation in a $15,000,000 asset-based lending facility to a nationally distributed consumer beverage platform, supporting working capital needs across receivables and inventory as the company continues to scale.
Senior facility increase to $4,000,000 for a transportation-focused factoring platform, providing additional capacity to support continued originations.
Subordinated debt increase to $2,500,000 for a transportation factor, enhancing flexibility and supporting expansion in a growing logistics market.
Subordinated debt increase to $5,000,000 for a transportation factor, allowing for increased concentrations and eligibility where needed as the platform continues to grow.
These transactions span a diverse set of industries, including technology, logistics, consumer products, and specialty staffing, and demonstrate Haversine’s continued focus on partnering with experienced lenders to provide reliable, scalable capital.
About Haversine Funding
Haversine Management and its subsidiaries, headquartered in Dallas, Texas, provide fast, fair, and flexible funding solutions to commercial lenders. Formed in 2018, Haversine supports factors, asset-based lenders, and other specialty finance companies with senior and junior credit facilities up to $30 million, participation programs, and structured capital solutions designed to enable growth and manage concentration risk. To learn more about our financing solutions or our new Vector equity + debt program, visit www.haversinefunding.com or listen (or watch) our podcast In Focus with Haversine, available on YouTube, Spotify, Apple Podcasts, and LinkedIn.