Public Event Detail
Parafin Expands Warehouse Credit Facility With Silicon Valley Bank, EverBank, and Trinity Capital
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Event summary
Parafin, an embedded financial infrastructure company, announced the renewal and upsizing of its warehouse credit facility with Silicon Valley Bank, EverBank, and Trinity Capital. This expansion increases Parafin's borrowing capacity and reduces its cost of capital, allowing it to offer more flexible financing products to small businesses through platforms like Amazon and DoorDash. Parafin has already funded over $2 billion to small businesses across the U.S., with a majority of fundings going to repeat borrowers.