Ahead Financing, a nationwide supplier of revenue-based financing for small companies, introduced right this moment the enlargement of its credit score facility from $250 million to $450 million. This important enhance will allow the Boston-based fintech firm to proceed its mission of funding small companies throughout the U.S.
“This important enlargement of our credit score facility is an thrilling step in the direction of continued progress and our capacity to fund extra small companies throughout the nation,” stated Christopher Chiou, Chief Monetary Officer at Ahead Financing. “It speaks to our sturdy monetary efficiency and can assist safe our place as a frontrunner within the revenue-based financing business.”
Ahead Financing focuses on offering working capital to underserved small companies, notably these in Low-to-Average Earnings (LMI) areas the place entry to conventional financing, resembling financial institution loans, is proscribed. With a give attention to superior customer support, Ahead was not too long ago honored with the Buyer Service Division of the Yr award in The twenty second American Enterprise Awards®.
The corporate plans to make use of the extra capital to gas its funding quantity progress and help extra small companies in want of working capital. Since its inception in 2012, Ahead Financing has offered over $3 billion in funding to almost 63,000 clients. The corporate was additionally not too long ago acknowledged by the Boston Enterprise Journal as one in all Massachusetts’ largest fintech corporations.
