Small business financing leader expands access and flexibility to SMBs in critical industries driving the country forward.

New York, NY – October 25, 2024 – Kapitus, a leading provider of financing for small and medium sized businesses, today announced the acquisition of Ten Oaks Commercial Capital, a finance company specializing in equipment finance and working capital loans.

With this acquisition, Kapitus is launching its equipment finance arm, in addition to its small business loan and revenue-based financing products, to accelerate support for small and medium-sized businesses that drive the country forward in critical industries, like construction, manufacturing, hospitality, and healthcare.

“Securing equipment finance has become increasingly difficult as both traditional and online lenders have tightened requirements, and many independent equipment finance companies have been absorbed into the banking system,” said Ben Johnston, COO at Kapitus. “This has severely limited the options available to business owners and hampered their ability to stay competitive. Our new independent equipment finance arm will expand access to affordable and flexible financing for companies in need of acquiring critical equipment to operate.”

The ability to acquire new revenue-generating equipment has become more important than ever for small and medium-sized businesses to remain competitive in a shifting landscape. Increased regulation, automation, technological advancements, and ongoing inflation have created compounding obstacles for lenders, dealers and manufacturers to overcome. In an effort to help these groups collaborate more closely, Kapitus will expand on Ten Oaks’ efforts to connect dealers and manufacturers with financing options for their customers through its new Equipment Provider Partner Program.

“Combining Kapitus infrastructure and balance sheet along with the origination capabilities of Ten Oaks will result in a powerful resource for customers and vendors in need of equipment financing,” said Greg McIntosh, Founder and President of Ten Oaks. “We are excited to be part of Kapitus and to grow the business to meet the demands of our customer base.”

Jon Gerson of Executive Solutions for Leasing & Finance, LLC (ESLF), and Bob Rinaldi of Rinaldi Advisory Services advised Kapitus through the acquisition process.

Kapitus plans to expand upon the robust vendor and direct origination channels of Ten Oaks to grow its third-party funding capabilities and begin funding transactions on balance sheet in early 2025.

About Kapitus

Founded in 2006, Kapitus is one of the most experienced and trusted names in small business financing. As both a direct lender and a marketplace with an expansive network of financing partners offering a variety of products, Kapitus has provided over $6.5 billion in growth capital to nearly 55,000 small businesses. Kapitus offers products tailored to the individual needs of small businesses including term loans, sales-based financing, SBA loans, equipment leases, and revolving lines of credit, either direct or through its network of trusted partners. For additional information about the company, visit: https://kapitus.com/

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480.606.8180

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602.791.0298

Expands ability to provide companies with needed capital during a volatile economy.

April 3, 2023

NEW YORK, NY– NEW YORK, NY– Kapitus, a leading provider of financing for small and medium-sized businesses, today announced the closings of a $100 million asset-backed securitization (ABS) and a $30 million investment-grade corporate note financing. These closings bring Kapitus’ total debt facilities to $540 million. Kroll Bond Rating Agency served as the rating firm for the ABS facility and Egan-Jones served as the rating firm for the corporate note transaction. The company plans to use the financing to increase its funding capacity for small businesses – providing a place where businesses can obtain much-needed working capital in this volatile economic environment.

“Recent bank failures have compounded an already uncertain economic environment, leading creditors to more deeply scrutinize how and where they invest. The closing of these facilities is a testament to the strength of Kapitus, the prominent role we play in the alternative financing space, and our ability and commitment to meeting the demands of both our stakeholders and our customers,” said Andrew Reiser, Chief Executive Officer of Kapitus. “The world is seeing macro-economic trends that indicate impacts of the same order of magnitude that we saw during the great recession. As we did 15 years ago, Kapitus will continue to demonstrate significant leadership in the industry. Completing this financing is just one of many steps we are taking to further support businesses with access to capital during these volatile times.”

Committed to helping the small business community through fast and efficient funding alternatives, Kapitus offers a variety of financing products to meet the unique needs of each individual company. Since its founding in 2006, Kapitus has provided $5 billion in growth capital to over 50,000 small businesses. In 2022, Kapitus increased its funding capacity by nearly $140 million and the company is on track to outpace that growth this year.

“We greatly appreciate the ongoing support we receive from a diversified group of leading credit investors,” added Ben Johnston, Chief Operating Officer of Kapitus. “In an era of credit tightening, increased regulatory scrutiny, and rising cost of capital across the banking sector, we see a significant opportunity to help our small business customers obtain the capital they need to grow. The economic conditions we saw in 2008 cemented non-bank financing organizations as a mainstay in the financing landscape, and we stand ready – with the support of our financial partners – to provide small businesses with the capital they need to succeed.”

Guggenheim Securities served as sole structuring advisor for the $100 million ABS notes, while Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent for the $30 million corporate note.

About Kapitus

Founded in 2006, Kapitus is one of the most experienced and trusted names in small business financing. As both a direct capital provider and through its expansive network of financing providers that offer a variety of products, Kapitus has provided over $5 billion in growth capital to over 50,000 small businesses. Kapitus, either directly or through other financing providers, offers products tailored to the need of every small business including term loans, sales-based financing, SBA loans, equipment leases, and revolving lines of credit. For additional information about the company,: https://kapitus.com/

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Finalists selected based on creativity, enthusiasm, and passion – now look to the public to help determine winners.
September 19, 2022
NEW YORK, NY – Kapitus, a leading provider of financing for small and medium sized businesses, today announced the finalists in its inaugural Building Resilient Businesses (BRB) Contest that will award $250,000 in cash prizes to small business owners across the U.S. A total of seven prizes will be awarded – one 1st place prize of $100,000, one 2nd place prize of $50,000 and five 3rd place prizes of $20,000.
In the first step of the competition, each small business that entered submitted a video sharing their small business story and how $100,000 would help them to continue writing that story. A total of 15 finalists have been selected from hundreds of small business video entries, coming from 37 states across the U.S. Finalists were chosen based on scores received in the initial judging round that were based on the storytelling, creativity, enthusiasm, and passion portrayed in their video submissions.
In the next phase of the competition, Kapitus is asking the public to help choose the winners by viewing the video entries and voting for their favorite small business. Voting opens on Monday, September 19, 2022, at 1:00 pm EDT and runs through Monday, October 10, 2022, at 11:59 pm PDT.
The finalists of Kapitus’ Building Resilient Businesses Contest include (in alphabetical order):
1 Black People Will Swim – Long Island, NY – Smashing the stereotype that Black people don’t swim, Black People Will Swim is based on four foundational pillars encouraging people to F.A.C.E. (Fun. Awareness. Community. Education) their fears.
2 Brash Brownies – Winston-Salem, NC – A mobile, Black woman-owned, bakery with small batch desserts based on old family recipes and innovative imagination. Brash Brownies is bringing Louisiana culture to North Carolina.
3 Courtside ATL – Lithonia GA – Creating VIP basketball experiences where anyone can participate, by deconstructing the game into: Shoot, Dribble & Pass. We employ tech features to transform, gamify and transfer content for elevated experiences.
4 Fat Lady Cake’s – Amherst, NY – Fat Lady’s Cakes and Pies specializes in the creation of gourmet desserts made from all natural ingredients. From classics to new innovations, we offer a full range of flavorful treats.
5 Frères Branchiaux Candle Co – Indian Head, MD – Frères Branchiaux Candle Co. is a mission-based company that creates vegan fragrance products. Founders Collin, Ryan, and Austin Gill have donated $40K to homeless shelters through sales of their products.
6 Kai’s Kookies – Houston, TX – Specialty bakery offering low-carb gluten-free treats with no added sugar. Inspired by a father and daughter who recreated their baking style due to allergies and a commitment to improving health.
7 Monolith Games – Siloam Springs, AR – A small husband- and wife-owned board and card game shop. We have created a safe space where people can hang out, play games, and above all – be themselves.
8 Play Pits – Atlanta, GA – 100% all-natural deodorant, free of aluminum, parabens, synthetic fragrances, and harsh chemicals. Play Pits is a mother’s solution to providing a kid-friendly, all-natural hygiene option for youth with active lifestyles.
9 Postal Petals – West Hollywood, CA – A new way for people to enjoy the beauty of flowers through the experience of arranging them. Fresh cut flowers are shipped nationwide for customers to create their own DIY floral arrangements.
10 Stir it Up – Fairbanks, AK – Inspired by a little boy with allergies and a town lacking options, Stir It Up provides options for your dietary lifestyle, guaranteed. A women-owned company specializing in gluten-free, vegan, vegetarian and low-carb options.
1 Strands of Faith – Pearl, MS – SOF is a conscious beauty brand curated and formulated with cruelty free rich ingredients to nourish, restore and refresh textured strands while increasing moisture-length retention and overall healthy hair.
1 Superfit Hero – Los Angeles, CA – Superfit Hero is the world’s most inclusive line of premium plus size activewear for women, with sizes L-7XL. Fitness is for Every Body.
1 TFTI Experience – Houston, TX – Houston’s original photo experience. 15+ creative installations for jaw-dropping photos including Infinity Mirrors, LOVE Letters, Upside Down room, DJ Confetti Room and more. TFTI has something fun for everyone.
2 the Enchanted Rose Emporium – Vancouver, WA – Providing a unique collection of vintage style gifts and craft supplies emphasizing sustainability and teaching classes in the handcrafting skills of yesterday to children and adults – preserving these art forms.
3 The Tree Yoga Cooperative – South Los Angeles, CA – Black and Latina-Owned hub of holistic wellness and community support. We provide accessible, inclusive, trauma-informed and culturally centered yoga classes and training to all body types, abilities and ages.
The official winners of the Building Resilient Businesses Contest will be announced in November 2022.
The contest marks the official kick-off of Kapitus’ larger Building Resilient Businesses Initiative, a program dedicated to giving back to the small business community through programs and initiatives that offer the financial help, educational resources, and products and services they need to grow their business and remain resilient.
To vote for your favorite finalist visit: https://kapitus.com/brb-vote/ (voting is now closed).
About Kapitus
Founded in 2006, Kapitus is one of the most experienced and trusted names in small business financing. As both a direct lender and a marketplace with an expansive network of financing partners offering a variety of products, Kapitus has provided over $4 billion in growth capital to over 50,000 small businesses. Kapitus, either directly or through trusted partners, offers products tailored to the need of every small business including term loans, sales-based financing, SBA loans, equipment leases, and revolving lines of credit.

New initiative aims to provide the small business community with the financial help and educational resources needed to bounce back.

May 2, 2022

NEW YORK, NY – Kapitus, a leading provider of financing for small and medium sized businesses, today announced its inaugural Building Resilient Businesses (BRB) Contest, that will award $250,000 to small business owners across the U.S.

“Kapitus has worked with the small business community for over 16 years, helping them to overcome struggles from environmental disasters, social inequities, economic downturns, and global health crises,” said Josh Jones, Chief Revenue Officer of Kapitus. “We are inspired by the incredible resilience we’ve seen from small businesses, particularly over the last couple of years, and have launched the BRB Contest as an extension of our dedication to supporting their needs during this economically challenging time.”

The contest opens for submissions on May 2, 2022, in line with the start of National Small Business Week. To enter, companies will need to submit a video sharing their small business story and how $100,000 would help them to continue writing that story. The submission deadline is June 30, 2022.

Following a judging round from the Kapitus team, and then a public voting round, winners will be announced on August 23, 2022. A total of seven prizes will be awarded – one 1st place prize of $100,000, one 2nd place prize of $50,000 and five 3rd place prizes of $20,000.

“During these challenging times, addressing the financial help and educational resources needed for business continuity is more important than ever,” said Andrew Reiser, Chief Executive Officer of Kapitus. “We created the BRB contest, and larger initiative, to help the small business community overcome these challenges and continue to thrive for years to come.”

The contest is just the first of many projects that will be part of Kapitus’ larger BRB initiative, aimed at giving back to the small business community. The goal of the ongoing initiative is to help businesses grow strong through financial support, educational resources, tools and volunteer programs that help businesses bounce back from crises. Kapitus has also created groups on Facebook and LinkedIn to give small businesses a private and dedicated space to continuously learn and connect with fellow business owners and to get  access to ongoing information and resources to help them run their business.

For additional details on the BRB Contest, including qualifications and submission guidelines, visit Kapitus.com/brb .

About Kapitus

Founded in 2006, Kapitus is one of the most experienced and trusted names in small business finance. As both a direct lender and a marketplace built with an expansive network of lending partners, Kapitus has provided over $3.6 billion in growth capital to over 64,000 US-based small businesses. Kapitus offers, either directly or through its trusted providers, a variety of financing products to small businesses, including business loans, SBA loans, revenue-based financing, equipment financing, revolving lines of credit, invoice factoring and purchase order financing.

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October 1, 2020

NEW YORK, NY– Kapitus, a leading provider of financing to small and medium-sized businesses, has received rating affirmation from Kroll Bond Rating Agency (“KBRA”) on three classes of notes it issued through SFS Asset Securitization LLC (“SFS”).

According to KBRA, “the affirmations are due to KBRA’s analysis of the supporting collateral pool of receivables, Kapitus’s managed static pool performance data and current credit enhancement levels for each class of notes.” In addition, the ratings on the three classes of notes have been removed from “Watch Downgrade”. On March 30, 2020 KBRA placed all outstanding ratings from 10 U.S. small business ABS transactions, covering 29 securities and $2.1 billion outstanding, on Watch Downgrade owing to the economic effects of Covid-19.

“We are pleased with the rating affirmations from KBRA as it underscores our approach to underwriting and credit risk and shows the importance of proactive management through the ongoing covid-19 pandemic,” said Andrew Reiser, Chief Executive Officer at Kapitus. “We are proud of the fact that Kapitus is among the only companies in the space to perform through this crisis and remain fully open for business and given the current consolidation of the industry we believe we are well positioned for future growth.”

About Kapitus

Founded in 2006 and headquartered in NYC, Kapitus is one of the most reliable and respected names in small business financing. As both a direct lender and a marketplace built with a trusted network of lending partners, Kapitus is able to provide small businesses the financing they need, when and how it is needed. With one application business owners can save time and money, while eliminating the stress that comes with applying to different lenders. At Kapitus, we believe that business owners should be able to focus on running their business, while we take care of the financing. To learn more, visit www.kapitus.com.

The notes are not registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from, or a transaction not subject to, registration requirements. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to sell the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer or solicitation or sale is unlawful.

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