Applied Data Finance upsizes credit facility to $350 million

By Angela McDaniels

Tacoma, Wash., Sept. 27 – Applied Data Finance, LLC upsized its senior credit facility with Victory Park Capital Advisors, LLC to $350 million from $200 million and extended the term to 2023, according to a company news release.

The company will be “leveraging this newly available capital to continue our growth,” co-founder and chief executive officer Krishna Gopinathan said in the news release.

San Diego, Calif.-based Applied Data Finance provides unsecured personal loans to consumers through its online lending platform.

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