Parafin Expands Warehouse Credit Facility With Silicon Valley Bank, EverBank, and Trinity Capital

Key Terms

warehouse credit facility financial

A warehouse credit facility is a short-term loan line companies use to finance inventory, goods in transit, or newly made loans until those assets are sold, bundled, or converted into longer-term funding. Think of it as a temporary checkbook that keeps operations moving by covering costs upfront; investors watch it because heavy reliance or difficulty renewing the facility can signal liquidity stress, higher funding costs, or risk to future sales and cash flow.

embedded financial infrastructure financial

Embedded financial infrastructure is the technology and services that let non‑bank businesses offer money-related features—like payments, lending, wallets, or insurance—directly inside their apps or websites. Like plumbing hidden behind a wall that makes sinks and showers work, it lets a platform move and manage money without customers leaving the experience; investors watch it because it can create new revenue streams, reduce costs, and concentrate customer data and regulatory risk.

A-note lender financial

An a-note lender is the holder of the primary, or first-priority, loan on a property or asset — the lender who gets repaid before others if the borrower defaults. For investors, knowing who the a-note lender is matters because that lender’s claim reduces recovery and cash flow for junior creditors and equity holders; think of it like the person with the first mortgage on a house who must be paid off before any second mortgage or owner receives money.

embedded finance financial

Embedded finance integrates financial services directly into the products or platforms people use daily, such as online shopping or business software. It allows users to access services like payments, loans, or insurance seamlessly within those platforms, making transactions faster and more convenient. For investors, it represents a way for companies to generate new revenue streams and deepen customer relationships through integrated financial offerings.

structured credit financial

Structured credit is a way of bundling many loans or debt claims together and slicing that bundle into pieces with different levels of risk and return, like cutting a cake into layers where the bottom slice takes most of the crumbs and the top slice stays neat. Investors buy these slices to chase higher income or to shift credit risk, so understanding which layer you own, how the loans behave together, and how easy the slice is to sell matters for potential return and loss.

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SAN FRANCISCO--(BUSINESS WIRE)-- Parafin, a leading embedded financial infrastructure company recently named to the 2026 Forbes Fintech 50, today announced the renewal and upsizing of its warehouse credit facility. With Silicon Valley Bank, a division of First Citizens Bank (SVB); EverBank, which joins as a new A-note lender; and Trinity Capital Inc. (NASDAQ: TRIN), the expanded facility increases Parafin’s borrowing capacity and reduces its cost of capital.

This upsize builds on Parafin’s existing $125 million warehouse facility from SVB and Trinity Capital in 2024. Now, the new facility will enable Parafin to deliver even more flexible financing products to small businesses directly within the platforms they already use, like Amazon, DoorDash, Gusto, TikTok Shop, Walmart, and others.

The growth in financing capacity reflects consistent demand from small businesses that return to Parafin's products as they grow: the majority of Parafin's fundings go to repeat borrowers. Across nearly 50,000 businesses funded to date, that repeat usage underscores the role embedded capital plays in helping businesses navigate cash flow gaps and invest in growth.

“Small businesses are core to our economy, yet access to the debt markets remains one of their most persistent challenges,” said Sahill Poddar, cofounder and CEO of Parafin. “We built this company to change that: to embed fast, fair, and flexible credit products directly into the platforms small businesses already use every day. This facility upsize from our banking partners gives us the capacity to reach even more of them.”

“By helping address financing, Parafin is enabling entrepreneurs to stay focused on building and scaling their businesses,” said Brian Foley, Market Manager for SVB’s Fintech group. “SVB is proud to support this next phase of Parafin’s growth by providing financial infrastructure and insights that will help the company’s continued expansion.”

“EverBank is pleased to support Parafin as it continues to expand and scale its embedded finance platform for small businesses,” said Jonathan Lustig, EverBank Lender Finance Director. “Our participation in this credit facility reflects our commitment to delivering tailored lending solutions that address the unique needs of our clients. We look forward to continuing to build our strategic relationship with Parafin.”

“We’re excited to build on our strong partnership with Parafin and continue to support the expansion of their platform,” said Steven Lambe, Managing Director of Asset Based Lending at Trinity Capital. “This upsized facility reflects our confidence in their team and the strength of what we’ve seen over the past two years of partnership. It’s always a pleasure to work alongside SVB and EverBank, and to continue partnering to provide capital that supports Parafin’s ongoing growth.”

The facility is supported by a syndicate of leading institutions with deep experience in specialty finance and structured credit.

As the leader in embedded lending, Parafin has funded over $2 billion to small businesses across the United States to date. Learn more about how Parafin helps platforms deliver financing at the point of need at parafin.com.

About Parafin Parafin is a financial infrastructure company that provides platforms with embedded financing products for their small businesses by abstracting the complexity of capital markets, underwriting, servicing, compliance, and customer support. By powering the financial services of marketplaces, vertical SaaS platforms, and payment processors, small businesses can run and grow despite uncertain economic conditions. Parafin powers platforms such as Amazon, Walmart, DoorDash, Gusto and many more and serves tens of thousands of businesses. Parafin was founded in 2020 by Sahill Poddar, Vineet Goel, and Ralph Furman, and is backed by Ribbit Capital, Thrive Capital, GIC, Notable Capital, and Redpoint Ventures. For more information, visit parafin.com or contact media@parafin.com.

About EverBank EverBank, N.A. (EverBank) is a nationwide specialty bank providing high-value products and services to consumer and commercial clients coast-to-coast. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across California, Florida, and New York. EverBank's Lender Finance division provides financing for specialty finance lenders, alternative asset managers, and other acquirers of consumer and commercial receivables, including on-balance-sheet ABL facilities, warehouse/SPE financing, back leverage structures, fund-level financing, and loan portfolio acquisition financing. Visit everbank.com. EverBank is a Member FDIC.

About Trinity Capital Inc. Trinity Capital Inc. (NASDAQ: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources and structures investments in well-capitalized growth-oriented companies across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset Based Lending, and Life Sciences. As a long-term, trusted partner for innovative companies seeking tailored debt solutions, Trinity Capital has deployed more than $5.5 billion across over 463 investments since inception in 2008 (as of December 31, 2025). Headquartered in Phoenix, Arizona, Trinity Capital’s dedicated team is strategically located across the United States and Europe. For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn.

About Silicon Valley Bank Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity and venture capital industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $225 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com

Media contacts:
Parafin: Riley Burns for Parafin, media@parafin.com
EverBank: Michael Cosgrove, 904.612.4160; michael.cosgrove@everbank.com
SVB: Sarah Rutledge, sarah.rutledge@firstcitizens.com
Trinity Capital: Donnie Hogan, dhogan@trinitycapital.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504967130/en/

Parafin: Riley Burns for Parafin, media@parafin.com

Source: Parafin