Haversine Funding announced the following recently closed transactions:

• $1,750,000 junior secured, lender finance line of credit to support expected growth of a transportation factor in the Midwest. The factor, which has been a Haversine partner for over two years, collaborated closely with the Haversine team to establish ongoing metrics, enhance policies and processes, and streamline reporting. Additionally, Haversine facilitated the factor's introduction to a specialized transportation and lender finance bank, enabling them to secure a new line of credit. As part of this success story and transition, Haversine reduced its original $10 million senior line of credit to a reduced facility, subordinate to the bank lender.

• $25,000,000 senior, lender finance line of credit to a factor and asset based lender. This comprehensive credit facility also includes a supplemental “gap” funding line, with advances up to 95% of eligible loans. The finance company has been with Haversine for almost three years, during which time they have consistently strengthened their team and funding platform. As a result of their impressive growth trajectory, Haversine recently increased their credit facility to $25 million, reinforcing their commitment to fueling the lender's ongoing success and expansion.

• $5,000,000 of a $20,000,000 asset-based lending participation to an infrastructure services business.

• $1,000,000 senior secured, lender finance line of credit to a transportation factoring company in the Southeast. 

• $50,000,000, Lead Line referral introducing the placement for a senior secured revolving warehouse line of credit for a tax credit preparation and advisory company. The company focuses on servicing the employee retention credit program targeting businesses across the United States.