Crown Partners completed a successful recapitalization of Arsenal Funding, a merchant cash advance provider.

Headquartered in New York City, Arsenal has provided merchant funding to thousands of small businesses and corporate organizations since 2014. The transaction provides the company with the balance sheet capacity to expand, as it capitalizes upon new strategic partnerships and builds out its operational capacity.

“This capital raise completes Arsenal’s evolution from ambitious start-up to institutionally-backed finance company. I am inspired by the Arsenal team’s entrepreneurial spirit and commitment to continuous progress, which are key ingredients to their success. I am thrilled that Crown could play a role in their expanded service to ISOs and their clients,” said Mark Seigel, Managing Partner, Crown Partners.

“Arsenal Funding is proud and excited to be working with a premier national banking partner to significantly increase our funding capabilities and ensure a steady and upward growth in the size of our business and portfolio. Arsenal’s goal remains the same as always: to utilize our industry-leading underwriting, our highly experienced team and our unparalleled ISO relationships to continue to provide quick and efficient services to our merchants so that their small and midsize businesses can continue to grow and prosper. We want to thank Crown Partners for their invaluable assistance in helping us to achieve this major milestone in the development path of our company,” said Marlen Kruzhkov, Managing Partner, Arsenal Funding

Crown Partners has a passion for relentlessly guiding specialty lenders toward their capital-related goals. For over a decade, Crown’s principals have successfully arranged financing for entrepreneurial finance companies including merchant cash advance providers, equipment finance companies, factors, and niche specialty lenders. Prior to forming Crown, its partners were direct lenders to the industry. That experience affords Crown a deep understanding of the opportunities, ambitions and challenges of lender finance clients. It also has enabled Crown to develop extensive relationships with the decision-makers at the leading sources of financing to the industry.