Capital Access Network Inc. is expanding its annual funding capacity to $1 billion.

The added funding comes through updated financing agreements with Wells Fargo, Brown Brothers, Fifth Third Bancorp and Key Bank, Capital Access said in an Oct. 1 press release.

Goldman Sachs also has formed a relationship with Capital Access, increasing its secured line of credit to $295 million (expandable up to $400 million), the release said.

Capital Access provides funding through independent sales organizations to small and medium-sized businesses. Its Newlogic subsidiary makes loans with predetermined maturity dates and payments amounts and recently announced it is now granting loans to merchants through ISOs in all 50 states. Capital Access’s AdvanceMe subsidiary offers merchant cash advances, which merchants pay back as a percentage of payment card receivables.

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