National Funding upsizes senior secured warehouse line of credit to $100 million

By Rebecca Melvin

Concord, N.H., March 16 – National Funding Inc. renewed and increased its senior secured warehouse line of credit to $100 million, according to a company announcement Wednesday.

The upsize includes an accordion feature to expand to $125 million, which was provided by a U.S.-based commercial bank.

The upsize came on the heels of a $55 million corporate note that the company closed in October 2021.

The finance company to small- to medium-sized businesses is based in San Diego.

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