The Fundworks LLC announced the recent extension of its $40 million investment-grade corporate notes. Transaction proceeds will be used to refinance debt, extend the Company’s maturity profile and to support continued origination growth.

“We are encouraged by the continued support from investors and their confidence in our business” stated Evan Smiedt, Co-Founder and Chief Executive Officer. “This transaction strengthens our ability to invest in technology and AI infrastructure as we scale, which will enhance our underwriting capabilities and accelerate our origination growth.”

Bradley Smiedt, Co-Founder and Chairman, noted, "We are proactively taking steps to strengthen our balance sheet. By providing long-term capital visibility, these notes allow for greater flexibility in how we deploy capital to support small businesses across the nation.”

Brean Capital LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction