Libertas secures $ 100 million warehouse from Silicon Valley Bank
SAN FRANCISCO, CA / ACCESSWIRE / July 15, 2021 / Libertas Funding, LLC (Libertas), a specialized technology-based finance company that provides financing solutions to small and medium-sized enterprises (SMEs), today announced that it has entered into a warehouse financing agreement of up to $ 100 million. dollars with Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors. This agreement provides for funding to be used for the origination by Libertas of revenue-based funding to enable SMEs to achieve their growth objectives.
Based in Greenwich, Connecticut, Libertas is a leader in revenue-based financing, having provided approximately $ 1 billion in total funding to its clients since its inception in September 2016. Libertas was created to meet unique capital needs of SMEs – its fast and flexible financing. The solutions are designed to help SMEs solve the working capital issues they often face and enable them to seize growth opportunities. Companies seeking capital from Libertas can obtain financing within 1 to 2 business days.
“We are delighted to partner with Silicon Valley Bank, a true leader in digital banking, whose commitment to customer service and integrity aligns closely with our core values,” said Randy Saluck, CEO of Libertas. âToday more than ever, small and medium-sized businesses need quick access to finance to meet their working capital needs.
Since its inception, Libertas has taken a unique ‘hands-on’ approach to financing by combining its efficient automated application system with a client-centric process, providing advice to clients throughout the transaction. âAt Libertas, we recognize that every business is unique,â ââsaid Saluck. âWe talk to each of our SME clients to understand their activities and provide them with financing to meet their capital needs. Our partnership with SVB allows us to offer lower cost and more flexible financing solutions to help our clients achieve their goals. ‘
âAs the economy recovers from the pandemic, supporting small businesses is more important than ever,â said Nick Christian, specialist finance manager at Silicon Valley Bank. âWe are proud to provide this warehouse to Libertas as it continues to grow and help more small businesses succeed. “
SVB’s specialist finance group provides revolving lines of credit and term loans to businesses and funds active in the consumer and corporate sectors. The specialized finance team has in-depth and proven expertise in custom lending solutions such as warehouses.
About Silicon Valley Bank
For nearly 40 years, Silicon Valley Bank has helped innovative businesses and their investors move bold ideas forward quickly. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps meet the unique needs of innovators. Learn more at svb.com.
Founded in 2016, Libertas Funding, LLC is a specialized, technology-driven finance and asset management company with a management team that has over 100 years combined in the finance and credit industries. Since its inception, Libertas has provided approximately $ 1 billion in funding to SMEs to meet the capital needs of its clients. Libertas offers a unique approach using a flexible model that meets individual business needs through a combination of technology and a focus on interactive customer service. Libertas leads with integrity and genuinely cares about its customers. For more information on Libertas, visit https://libertasfunding.com/
Silicon Valley Bank
SOURCE: Financing Libertas, LLC
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