Today, we’re excited to announce a strategic partnership with Edge Capital, the latest in a series of new developments with innovative small and medium-sized business (“SMB”) financing providers.
Extending financing to small businesses since 2018, Edge Capital is an Idaho-based platform connecting small and medium-sized businesses across the U.S. with capital. Edge leverages a modern technology stack to facilitate the application and servicing process for its customers. Since inception, Edge has extended $6 million in capital to hundreds of companies.
Charlie Lienau, Managing Director of Capital Markets at Percent, notes that “Edge showcases the value created by experienced teams leading borrowers laser-focused on delivering better products and services to their customers.”
As an alternative investment platform, Percent continues to offer accredited investors largely uncorrelated, high-yield investment products while providing non-dilutive growth capital to its origination partners. Percent is excited to partner with Edge Capital to continue building an extensive network of best-in-class partners across different corners of private credit.
Matt Patterson, Founder and CEO of Edge Capital, adds that “Percent took the historically archaic process of structured finance and optimized it. They are also providing access to a broader set of investors. Basically, they removed much of the brain damage of getting credit facilities put into place for specialty finance companies.”
This new partnership continues to illustrate Percent’s commitment to support growing tech-enabled borrowers bringing much needed improvements to the private credit markets.