Jovian Capital Management has provided GreenBridge Funding, LLC with a senior secured revolving ABL credit facility with maximum total borrowing of up to $10 million. GreenBridge will use the proceeds to support its acquisition and origination of revenue-based financing products for small and medium-sized businesses.
GreenBridge Co-Founder and Managing Partner David Horowitz said the partnership reflects a shared commitment between the two firms to disciplined growth and long-term value creation, and that GreenBridge helps entrepreneurs turn everyday business performance into flexible growth capital.
Jovian Capital Management Managing Partner Daniel Burke said GreenBridge exceeds what Jovian looks for in a borrower, combining a strong team, product, domain expertise, and operations, and that Jovian's debt capital will help the GreenBridge team continue building its position as a leader in the space.
GreenBridge Funding is a technology-enabled provider of revenue-based financing solutions to small and medium-sized businesses nationwide, using real-time bank data and modern servicing tools to structure flexible working capital. The company maintains a strategic relationship with GreenBridge Capital, a leading SMB brokerage for financial products.