VOX Funding Announces Closing of Institutional Warehouse Funding Facility
VOX Funding is pleased to announce it has executed a credit facility with a major commercial bank. The facility will be used to fund small to medium size enterprises with short term bridge capital, as small businesses struggle to access capital from traditional bank loans. The partnership will allow VOX Funding to rapidly expand its funding base, bringing pivotal funding capacity into the SME space.
NEW YORK, Oct. 19, 2020 /PRNewswire-PRWeb/ -- VOX Funding is pleased to announce it has executed a credit facility with a major commercial bank. The facility will be used to fund small to medium size enterprises with short term bridge capital, as small businesses struggle to access capital from traditional bank loans. The partnership will allow VOX Funding to rapidly expand its funding base, bringing pivotal funding capacity into the SME space.
VOX Funding CFO Peter K. Reilly noted, "This facility, in conjunction with our existing capital structure, will enhance VOX Funding's position as an emerging leader in small business alt-financing. VOX has experienced substantial growth and success in its 2+ year history through modern underwriting techniques, prudent risk controls, pricing, and financial management. This facility represents a major milestone in our company's growth, having been through a major bank's rigorous credit committee approval process."
About VOX Funding
VOX Funding is a New York City-based alternative financing company founded in early 2018. The management team has over 100 years of combined experience in the financial world. These small company investment experts have worked with public and private companies, across all layers of the capital structure, in large and small fundings. VOX Funding and its distinctive strategy target smaller, shorter-term, faster-turnaround fundings that banks and other financial institutions are less well suited to serve. Since inception, VOX Funding has funded over $20M of capital to merchants through direct funding or syndication.
If you wish to partner with VOX Funding, please contact the ISO partner relations department at [email protected]. For more information regarding VOX Funding, please contact Peter K. Reilly at (215) 353-2169.
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SOURCE VOX Funding
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