The Credit Junction

lendingsme financing

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

The Credit Junction is the first data-driven asset based lending platform and is transforming the way small and mid-size businesses access working capital, growth and supply chain financing solutions. The company combines technology and data intelligence with traditional asset-based credit metrics and offers up to $7.5M in capital availability. The Credit Junction targets growth-oriented suppliers, distributors and manufacturers typically with revenues between $5 and $50M.The financing that the company provides not only helps small businesses access the capital they need, but also stimulates job creation and bolsters community development in local towns, cities and regions across the US and Canada.Contact us at support@thecreditjunction.com

MEDICI Analysis

Credit Junction is an asset lending platform that offers working capital and supply chain financing solutions to small and mid-size businesses. It is an online marketplace lending platform that offers asset-based loans.

Focus

PRODUCTS & SERVICES

The platform offers two different types of loans: 1) Line of credit 2) Term loan Users can apply for loan amounts ranging between $500,000-$7,500,000 with a maximum repayment period of 24 months. The loans are asset-based and have to repaid on a monthly basis.

REVENUE MODEL

The company earns money by charging annual an interest rate of 19%.

MAIN CLIENTS

Suppliers

distributors

and manufacturers.

EXISTING PARTNERSHIPS

The company is partnered with a wide variety of local

regional

and national organizations. It also has businesses and financial partners. Some of them are Rubicon Global

PartsBase

Tempus

MidCap Financial

Victory Park Capital Advisors

GLI Finance

Small Business California

Association for Financial Professionals

Small Business & Entrepreneurship Council.

People

FOUNDERS

Michael Finkelstein

BOARD MEMBERS AND ADVISORS

Carlo Tabibi

Kipp Deveer

Tom Epley

Kim Taipale

Oliver Wriedt

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Century Equity Partners

GLI Finance

GLI Finance Limited

MidCap Financial

Victory Park Capital

KEY EMPLOYEES:

Michael Finkelstein( CEO); Jim Desantis (CCO); Daniel Seltzer (CTO)

Momentum

FUNDED

NO

TOTAL FUNDING

$25 M

DATE OF LAST FUNDING

Oct 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund to strengthens and expands its ability to deliver comprehensive capital solutions to businesses across the United States(April 2018).

SEED & PRIOR FUNDING

$2 M

SEED CLOSED ON

Sep 2014

DEBT FUNDING

$150 M

LISTED

NO

COMMENT

Debt financing: $150 M(April 2018) and $50 million(May 2015)

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