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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 firstname.lastname@example.org
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.
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.
The company earns money by charging annual an interest rate of 19%.
The company is partnered with a wide variety of local
and national organizations. It also has businesses and financial partners. Some of them are Rubicon Global
Victory Park Capital Advisors
Small Business California
Association for Financial Professionals
Small Business & Entrepreneurship Council.
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Michael Finkelstein( CEO); Jim Desantis (CCO); Daniel Seltzer (CTO)
DATE OF LAST FUNDING
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
SEED CLOSED ON
Debt financing: $150 M(April 2018) and $50 million(May 2015)
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