Private lending syndication platform CrowdOut Capital announced last Wednesday the completion of a $30 million credit facility to Personiv. According to CrowdOut, the borrower is a business process outsourcer that employs over 2,500 employees in 3 different countries and the proceeds from the loan will be used to provide additional liquidity for future acquisitions, organic growth and recapitalize the company. This marks the second loan CrowdOut has provided to Personiv in just over a year.
“High growth companies like Personiv seek out non-bank financing solutions like ours because they need flexibility,” said Alexander Schoenbaum, CEO of CrowdOut Capital. “Our expedited due diligence and streamlined approach to underwriting loans is a unique value proposition over banks and traditional credit funds. Our 1 to 4 year term loans offer cost-savings to borrowers and strong ROI for investors.”
Read the full article: CrowdOut Provides $30 Million Credit Facility to Support Personiv’s Growth (CrowdFund Insider)