Victory Park has provided a $25 million credit facility for AvantCredit, an online lending company that provides $1,000 to $10,000 loans to individuals, the firm announced in a statement.
The firm also participated in AvantCredit’s Series A equity round, which was led by August Capital.
AvantCredit began issuing loans earlier this year and has already accumulated a $4 million loan portfolio, according to a statement.
