Libertas Funding

What Libertas Funding does

Libertas Funding is a private credit firm founded in September 2016 by Gary Katcher and headquartered in Greenwich, Connecticut. The company provides short-term, revenue-based financing ranging from $500,000 to $10 million (with minimums as low as $100,000) to small and medium-sized businesses seeking growth capital, alongside business term loans originated through its banking partner WebBank. Supporting products include working capital solutions, acquisition and bridge financing, revolving credit facilities, and structured term financing. Since inception the firm has facilitated over $5 billion in cumulative funding to SMBs across healthcare, retail, transportation, hospitality, and trucking, with annual origination volume of $1.1 billion in 2024 and the most recent $1 billion increment achieved in under ten months.

The company operates a "high-tech, high-touch" underwriting platform that combines proprietary technology with personalized merchant interviews conducted monthly as part of credit diligence. The platform integrates real-time economic signals and cash flow analysis, supports secure bank document integration for streamlined digital applications, and produces rapid funding decisions. Distribution runs through a hybrid model: dedicated direct sales teams for general, customer service, and institutional channels; a referral partner network of banks, accountants, and financial advisors; and a recently built Southeast US origination team covering Atlanta, Charlotte, Nashville, Tampa, Orlando, and South Florida.

Libertas earns revenue primarily through transaction fees on its revenue-based financing products and one-time fees on WebBank-originated term loans. The company is privately held, founder-owned, and has financed growth through operational cash flow and debt instruments rather than equity venture capital — most notably a $75 million investment-grade corporate note in April 2025. It maintains SOC 2 Type I and Type II certifications, is CCPA-compliant, holds collection agency and lender licenses across 20+ U.S. states, and employs between 51 and 100 staff under a recently refreshed C-suite including a new CEO (John Paradisi, January 2026), CFO (David Finn, June 2026), COO (Ralph Scannell Jr., April 2026), and CIO (Jia-Mang Ten, January 2026).

Name

Libertas Funding

Legal name

Libertas Funding, LLC

Website

https://libertasfunding.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Libertas Funding is a private credit firm founded in 2016 that provides $500K–$10M short-term revenue-based financing to small and medium-sized businesses, having facilitated over $5 billion in cumulative funding via proprietary underwriting and a referral partner distribution network.

Ownership category

akta.pro rank

Product category

Private Credit / SMB Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

akta.pro secondary industries

SME Term Loans & Growth Capital (FSAKAGAB), Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)

Keywords

• Revenue-based financing
• Private credit lending
• SMB capital solutions
• Business term loans
• Growth capital funding

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Revenue-Based Financing: Short-term, revenue-based financing ranging from $500K to $10M for SMBs on growth trajectories. Repayment is tied to business revenue, providing flexible funding that scales with business performance. This is the company's primary financing product addressing working capital and strategic growth needs.
2. Business Term Loans: Term loans issued by WebBank and serviced by Libertas Funding. These institutional-grade term loans provide another financing option for SMBs requiring structured longer-term funding alongside revenue-based solutions.
3. Growth Capital Solutions: Comprehensive capital solutions including flexible growth capital, acquisition and bridge financing, revolving credit facilities, structured term financing, and working capital solutions for small and mid-market enterprises.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Libertas Funding provides short-term, revenue-based financing ranging from $500,000 to $10 million (with minimums as low as $100,000) to small and medium-sized U.S. businesses seeking growth and working capital. The company also originates business term loans issued by banking partner WebBank, working capital solutions, acquisition and bridge financing, revolving credit facilities, and structured term financing, all underwritten through a proprietary technology platform that combines automated cash flow analysis with qualitative merchant interviews.

Product overview

Libertas Funding operates as a private credit firm offering multiple financing products to small and medium-sized businesses. The core offerings include Revenue-Based Financing (short-term capital in the $500K-$10M range, can be as low as $100K) and Business Term Loans (issued through banking partner WebBank), both supported by Working Capital Solutions. The company has expanded with Southeast Commercial Private Credit, targeting established businesses across major Southeast U.S. markets. Additional products include Acquisition and Bridge Financing, Revolving Credit Facilities, and Structured Term Financing. Libertas positions itself as a 'tactical funding partner' combining institutional-grade execution with personalized service, utilizing an underwriting platform driven by advanced technology to deliver rapid funding decisions while maintaining a partnership-first approach with clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Revenue-Based Financing Short-term, revenue-based financing ranging from $500,000 to $10 million (with minimums as low as $100,000) for small and medium-sized U.S. businesses. Repayment is tied to business revenue, providing flexible, growth-scaling funding designed for tactical deployment by business owners seeking strategic growth capital.
• Business Term Loans Term loans issued by banking partner WebBank and serviced by Libertas Funding for small and medium-sized businesses seeking structured, longer-term financing with fixed repayment terms. These institutional-grade term loans complement the company's revenue-based financing solutions.
• Working Capital Solutions Flexible working capital financing designed to support daily operations and short-term liquidity needs for growing businesses.
• Southeast Commercial Private Credit Private credit solutions for established small and mid-market enterprises across the Southeast U.S. markets of Atlanta, Charlotte, Nashville, Tampa, Orlando, and South Florida. Targets businesses needing strategic capital beyond traditional small-ticket limits and is delivered through a dedicated regional origination team.
• Acquisition and Bridge Financing Financing solutions for business acquisitions and transitional capital needs, providing businesses with quick access to capital for time-sensitive opportunities.
• Revolving Credit Facilities Flexible revolving credit lines providing ongoing capital access for businesses with fluctuating financing needs.
• Structured Term Financing Customized structured term loan products tailored to specific business circumstances and growth objectives, offered alongside revenue-based financing.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Equipment Leasing & Finance Association (ELFA)minorStrategic or Co-development Partner · 1 May 2026Libertas Funding leaders participate in ELFA committees. Mark Boyer serves on the Independent Business Council Steering Committee while Benjamin Armour serves on the Communications Committee. ELFA represents the $1.3 trillion U.S. equipment finance industry and helps shape industry priorities and policy advocacy.
• Women's Business Development Council (WBDC) of ConnecticutminorStrategic or Co-development Partner · 1 January 2023Libertas partners with WBDC through the Accelerate Grant program, created by Gary Katcher in partnership with WBDC CEO Fran Pastore. The program awards $25,000 grants to women entrepreneurs in Connecticut, with four recipients in 2025. Libertas team members participate as judges and board members.
• WebBankcoreStrategic or Co-development PartnerWebBank is Libertas Funding's banking partner for business term loans. Term loans are originated by WebBank and serviced by Libertas pursuant to their partnership with the bank. This partnership enables Libertas to offer institutional-grade term loan products alongside their revenue-based financing solutions.
• Bankers, Advisors, and InvestorscoreChannel Partner/ Reseller/ DistributorLibertas works closely with bankers, advisors, and investors to identify and activate strategic growth opportunities for their clients and portfolio companies. Referral partners include banks, accounting firms, and financial advisors who refer clients seeking capital solutions beyond traditional lending parameters.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Fundbox: Digital SMB working capital and line-of-credit platform, primarily sub-$250K but increasingly moving up-ticket. Fundbox represents the digital fintech competitor encroaching on Libertas's lower end of the SMB capital stack.
• CAN Capital: Long-standing merchant cash advance and small business loan provider serving SMBs with working capital needs. CAN Capital's product mix and target customer overlap closely with Libertas's revenue-based financing offering.
• National Funding: Established alternative SMB financing provider offering working capital, MCA, and small business loans. National Funding competes head-to-head with Libertas for the same SMB borrower pool across multiple verticals.
• Credibly: SMB working capital and term loan provider targeting similar growth-oriented small businesses. Credibly's product set (working capital, lines of credit, term loans) closely parallels Libertas's offerings.
• Kapitus: Provider of working capital, SBA loans, and growth capital to SMBs across the U.S. Kapitus's multi-product SMB capital model mirrors Libertas's positioning between pure RBF and traditional bank credit.
• BlueVine: SMB-focused fintech offering lines of credit, term loans, and invoice factoring. BlueVine targets the same growth-stage SMB customer base and increasingly competes on larger tickets.
• Funding Circle: SMB lending platform offering term loans and lines of credit to small businesses. Funding Circle's SMB focus, multi-product strategy, and institutional-grade underwriting parallel Libertas's positioning.
• Forward Financing: Revenue-based financing provider for SMBs with similar ticket sizes and merchant-focused underwriting. Forward Financing is one of the closest direct comparables to Libertas in the U.S. RBF segment, targeting similarly situated growth-stage small businesses.

Broad incumbents

• Enova International: Public online specialty lender (parent of OnDeck) offering SMB loans, lines of credit, and consumer credit products. Enova's SMB origination scale (via OnDeck) makes it a broader incumbent against which Libertas competes on mid-market SMB tickets.

Emerging players

• Accion: Non-profit small business and microenterprise lender offering working capital and advisory services. Accion represents the mission-driven adjacent player addressing the same capital gap for underserved SMBs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Libertas Funding