Kapitus Closes $200MM Securitization

Kapitus, a provider of small business financing, including term loans, revenue-based financing, SBA loans, equipment financing and revolving lines of credit, closed a $200 million asset-backed securitization.

“It is our mission to provide every small business owner with the financing they need, when and how they need it,” Andrew Reiser, CEO of Kapitus, said. “This substantial new funding provides us with greater capability to meet the demands of today’s small businesses, many of which are facing unprecedented economic uncertainty.”

The new financing will give Kapitus increased flexibility to meet the needs of small businesses by allowing for longer duration repayment terms. The facility, which has a three-year revolving period and is expandable to $600 million, was issued in three classes, with the senior class earning a rating of “AA (sf)” by Kroll Bond Rating Agency. Guggenheim Securities served as sole structuring advisor and sole initial purchaser of the notes.

Kapitus reported its highest funding volume in its 16-year history in 2021.

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