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PRN Funding, LLC expands its senior secured revolving credit facility by 50% with Fifth Third Bank to support ongoing growth. The facility enhances working capital flexibility and service to clients nationwide.

PRIVATEAug 03, 20266 days ago

Round Type

Debt Financing

ClevelandFinancial ServicesFinanceLending

Investors

Fifth Third Bank

Description

PRN Funding, LLC has secured a new senior secured revolving line of credit with Fifth Third Bank, increasing its existing credit facility by 50%. This financing will support ongoing growth and provide flexibility for working capital. The expansion demonstrates PRN Funding’s commitment to enhance services for its clients. The company aims to pursue further growth opportunities in its core markets.

Company Information

Company

PRN Funding

Location

Cleveland, Ohio, United States

About

PRN Funding, LLC is a specialty finance company that provides invoice factoring and working capital solutions to homecare agencies and related service providers across the United States. Founded in Cleveland, Ohio, PRN Funding helps small and mid sized businesses improve cash flow, meet payroll, and support ongoing growth.

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