Comvest Credit Partners acted as Administrative Agent and Sole Lender in providing a $50 million Senior Secured Credit Facility to Above Lending, Inc., a consumer lending company. The financing will be used to fund the origination and acquisition of consumer loans.
Above Lending is a consumer lending company that originates and markets unsecured debt consolidation loans to eligible consumers.
Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million. Comvest has offices located in West Palm Beach, Chicago, and New York.