ORIX USA’s Credit Opportunities Group closed a credit facility for Idea Financial in collaboration with Synovus Bank. The upsize of the warehouse facility increased the loan from $100 million to $130 million.
In a press release issued on April 1st by Idea Financial, Amit Singhal, Head of ORIX USA’s Credit Opportunities Group, was quoted saying, “We are pleased to partner with the Idea Financial team as they continue to scale their lending platform.”
Idea Financial is a provider of financial solutions designed to meet the unique needs of small businesses.