SunTrust Provides $120MM ABL to Fundation

Fintech lender Fundation secured a $120 million asset-backed credit facility from SunTrust Bank , with Waterfall Asset Management included in the facility as a Class B lender. The facility enhances Fundation’s capacity to extend credit to small businesses across the U.S. Sam Graziano, CEO of Fundation, said, “Garnering the support of one of the leading super-regional banks engaged in asset-backed finance is another milestone for our company.