trending Market Intelligence /marketintelligence/en/news-insights/trending/cyellt0bbr34xzwqqmsvjg2 content esgSubNav
In This List

Online lender Fundation secures $120M credit facility

Podcast

Next in Tech | Episode 72: Midyear Madness: A look the chaotic path and where it’s headed

Blog

Insight Weekly: US bank stress tests; cracks in housing market; summer energy supply risks

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?


Online lender Fundation secures $120M credit facility

Fundation Group LLC, a lender and credit solutions provider, has secured a $120 million asset-backed credit facility from SunTrust Bank.

Waterfall Asset Management was included in the facility as a class B lender.

Fundation maintains a separate $120 million asset-backed credit facility with Goldman Sachs Bank USA and a $35 million facility with MidCap Financial.

Fundation, which provides credit to small businesses through banks and partnerships, is majority-owned by private equity firm Garrison Investment Group LP The company currently has partnerships with Regions Bank, Citizens Bank, the BancAlliance network of community banks, the Minority Business Development Agency and several other partners.