Fintech company TimePayment expanded its revolving credit facility to $385 million, including a $50 million accordion.

With this expansion, the maturity was extended four years to December 21, 2022.

“This credit facility provides TimePayment with a stable, flexible and efficient source of funding to meet the business’s ongoing capital needs,” said Robert K. Moskovitz, TimePayment chief financial and administrative officer. “We appreciate the continued support of our bank group, this will allow us to continue building our portfolio and meet the needs of our vendor partners and their customers.”

TimePayment proudly serves more than 100,000 active accounts with transaction sizes ranging from $500 to over $500,000. It is committed to continually improving program flexibility and value to its vendors and partners.