Securcor Financial Group announced the funding of a $49.5 million securitization for Geneva Capital, LLC. The securitization required a single A rating and was funded privately by an established U.S.-based insurance company.

Geneva Capital, LLC, a commercial equipment finance company, has successfully completed an initial funding of $49.5 million. This facility will be used to further expand its existing vendor-based equipment finance business in the United States.

“Geneva is an excellent example of the type of equipment finance company Securcor Financial Group supports – an independent finance company operating with a great track record of growth, profitability and portfolio performance,” said Brian Rodd, President and CEO of Securcor Financial Group. “Our privately rated and funded structure provides finance companies of all sizes with access to a market-alternative source of funding.”

“This private ABS facility through Securcor Financial Group provides the leverage, terms and diversification needed to fuel our long-term growth plans,” said Mark Watkins, President of Geneva Capital, LLC.