CFG Merchant Solutions Expands Corporate Note to $30 Million Amid Growth

CFG Merchant Solutions, LLC ("CFGMS"), a provider of specialty finance and alternative funding, announced an increase in its investment-grade corporate note to $30.0 million. The upsize received a BBB rating from a recognized statistical ratings organization, underlining its investment quality amidst CFGMS's expansion.

Founded in 2015, CFGMS has funded over $1.3 billion to 31,000 small and medium-sized businesses (SMBs) in the U.S., showcasing its strong asset performance and profitability. The firm aims to use the new capital to continue its growth trajectory, responding to the reduced credit availability from banks and other institutions over the last year.

Andrew Coon, CEO of CFGMS, highlights the significance of the additional funds in maintaining the company's growth momentum, especially in the current financial climate. Bill Gallagher, President, emphasized the company's unique platform and the institutional investors' continued support as pivotal for gaining further market share.

Brean Capital, LLC facilitated the transaction as the company's financial advisor and sole placement agent, marking a significant step towards CFGMS's ambition to provide accessible capital to diverse industries and underserved SMBs in the U.S.