CFG Merchant Solutions (CFGMS), a technology-enabled specialty finance and alternative funding provider, completed a $100 million senior credit facility.

The credit facility is expandable up to an additional $45 million, representing a total capital raise of up to $145 million. Proceeds from the funding, secured from a prominent, U.S.-based institutional investor focused on private structured credit, will serve to further fuel the company’s mission to empower and support the growth of small and medium-sized businesses (SMBs).

“We are thrilled to have secured this substantial capital raise, as it reaffirms our commitment to empowering small businesses,” Andrew Coon, chief executive officer of CFGMS, said. “We extend our heartfelt gratitude to our investors for their continued trust and support.  With this new credit facility, we will be able to reach a wider range of small businesses and provide them with the financial resources they need to thrive.”

“This new facility will strengthen our position to ensure our small business clients have access to fast and efficient financing solutions tailored to their unique needs.  We are excited to leverage this capital to expand our operations and deepen our commitment to empower U.S. small businesses to succeed,” Bill Gallagher, president of CFGMS, said.

Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.