Funding Circle US inks $1bn loan deal with Alcentra

Small business lender Funding Circle announced on Friday that it had launched a new strategic partnership with Alcentra, with the global asset manager to purchase up to $1bn of the firm’s US business loans over the next three years.

  • By David Bell
  • 07 Sep 2018

Credit Suisse’s securitized products team is providing financing for the three year partnership. A spokesperson for the bank declined to comment further on the financing. Bernardo Martinez, US managing director for Funding Circle, confirmed it was a warehouse line.

Funding Circle’s US business loans have not yet been ...

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