Finova Capital, LLC closed on a senior credit facility with a major specialty lender. The $30 million facility will be used to originate new equipment leases. Bob Neagle, CEO of Finova, noted the “addition of the new facility will allow us to finance even more equipment for our existing vendor partners, as well as support the growing number of clients added to our family of customers every month.”
 
“We appreciate another lender’s confidence in our embedded lending platform,” said Dave Gilbert, CEO of National Funding, the majority owner of Finova Capital. “The new facility will allow Finova to be a catalyst for even more businesses to grow and thrive.”

Finova Capital, majority owned by National Funding, Inc, is headquartered in Rochell Park, NJ, provides a wide range of customized, embedded financing programs to its clients.