VAN NUYS, CA The Fundworks, LLC, a leading a tech-enabled small business finance company, recently announced the closing of $30.0 million of Senior Secured Notes to a group of institutional investors.  This transaction refinanced the Company’s existing $20.0 million of Senior Secured Notes and provides substantial excess capital to fund the continued growth of its small business funding platform.

Brean Capital, LLC served as the Company’s Exclusive Financial Advisor and Placement Agent on the transaction.

“We are very pleased to announce this financing, which will allow us to continue our growth this year after record-setting funding volumes in 2021,“ said Co-Founder and Chief Executive Officer, Evan Smiedt. “This additional capital positions The Fundworks to continue its mission to provide growth capital to small businesses nationwide.”

“Given current volatile markets, we are particularly pleased with the continued support of holders of our previous Note issuance, as well as the participation of new investors in the transaction,“ said  Bradley Smiedt, Co-Founder and Chairman. 

The Fundworks, LLC is a tech-enabled finance platform providing working capital solutions to merchants to grow their businesses, take advantage of short-term opportunities and fund seasonal business fluctuations.  The Company’s proprietary technology platform makes the opaque, time-consuming process of obtaining capital simple, fast and reliable.  Since inception, Fundworks has funded more than $450 million to over 8,100 small businesses throughout the United States.  The Company is headquartered in Van Nuys, CA.  For more information, please visit:

Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 40 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction.  For more information, please visit:

Contact the team
Interested to learn more and see how Brean Capital can help your business? Contact the team below

Executive Managing Director
Investment Banking
(212) 702-6532

Investment Banking
(212) 702-6544

Managing Director
Investment Banking
(415) 275-5639

Managing Director
Capital Markets
(212) 702-6614

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