Exponent Financial announced a senior secured revolving credit facility with Jovian Capital Management, providing up to $20 million in available credit to support the launch and scaling of fixed‑rate small‑business loan products for multi‑unit franchise operators.
The facility gives Exponent additional liquidity for working‑capital needs and strategic opportunities, aligning with the company’s growth strategy to broaden its product suite beyond charge cards and commercial loans. Management highlighted that the credit line will enable rapid deployment of new loan offerings to franchise operators nationwide.
CEO Sohel Roopani said the partnership with Jovian reflects confidence in Exponent’s technology platform and market position, while Jovian Managing Partner Nick Acimovic noted that Exponent’s team addresses a meaningful need in the franchise finance market and that the facility positions the company for continued expansion.
The new credit line follows Exponent’s prior facilities that supported its business credit card issuance. By adding a dedicated loan facility, Exponent can diversify revenue streams and capture a larger share of the franchise financing market, which is characterized by specialized lending needs and growing demand for fixed‑rate products.
While the announcement does not disclose specific terms such as interest rate or maturity, the $20 million limit signals a significant capital commitment that will underpin Exponent’s expansion plans and strengthen its balance sheet.
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