Microcredit Loans

Loan Highlights

  • Location: US
  • Product Type: Microcredit Loans
  • Loan Amount: $35,000,000

Description

Microcredit Loans

Revere Capital co-agented a $35,000,000 revolver loan to a leading national subprime lender.

  • The borrower is a technology-driven provider of microcredit loans to undeserved and “un-bankable” customers
  • The borrower’s core products are loans ranging from $200 to $1,000 for terms of less than one year, and they recently launched a product for loans of approximately $2,500 with 18-month terms
  • Loan proceeds will be used to finance existing loans and new originations