Kapitus closes $250M ABS, upsizes corporate note to $95M

Independent commercial equipment financier Kapitus increased its financing capacity through a new asset-backed securitization and upsized a corporate note.

Kapitus has closed a $250 million asset-backed securitization (ABS) with a three-year revolving period and potential expansion to $500 million, further strengthening its position as a leading small business financing provider, according to a July 22 Kapitus release.

In addition, Kapitus upsized its corporate note to $95 million, with Brean Capital acting as exclusive financial adviser and placement agent, according to the release. These transactions follow a series of recent capital raises, including a $165 million ABS in January, an October 2024 ABS issuance and a warehouse credit line increase from $122 million to $230 million in December 2024.

Kapitus plans to use the proceeds to support growth and enhance its operational flexibility, as it continues to expand financing access for small and medium-sized businesses, according to the release. Since its founding in 2006, Kapitus has provided more than $7 billion in capital to nearly 65,000 small businesses in the United States.

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