Finova Capital closed on a senior credit facility with a specialty lender. The company will use the $30 million facility to originate new equipment leases.

“The addition of the new facility will allow us to finance even more equipment for our existing vendor partners, as well as support the growing number of clients added to our family of customers every month,” Bob Neagle, CEO of Finova Capital, said.

“We appreciate another lender’s confidence in our embedded lending platform,” Dave Gilbert, CEO of National Funding, the majority owner of Finova Capital, said. “The new facility will allow Finova to be a catalyst for even more businesses to grow and thrive.”