Parafin announced the renewal and expansion of its warehouse credit facility with Silicon Valley Bank, EverBank, and Trinity Capital Inc. (NASDAQ: TRIN). The embedded financial infrastructure company said the expanded facility increases its borrowing capacity and reduces its cost of capital.

The new arrangement builds on Parafin's existing $125 million warehouse facility from SVB and Trinity Capital established in 2024. EverBank joins as a new A-note lender in the expanded facility. The company did not disclose the size of the expanded facility.

Parafin provides financing products to small businesses through platforms including Amazon, DoorDash, Gusto, TikTok Shop, and Walmart. The company said it has funded nearly 50,000 businesses to date, with the majority of its fundings going to repeat borrowers.

"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. "This facility upsize from our banking partners gives us the capacity to reach even more of them."

Brian Foley, Market Manager for SVB's Fintech group, said SVB supports Parafin's growth by providing financial infrastructure. Jonathan Lustig, EverBank Lender Finance Director, said the bank's participation reflects its commitment to delivering tailored lending solutions.

Steven Lambe, Managing Director of Asset Based Lending at Trinity Capital, said the facility reflects confidence in Parafin's team and the strength of their partnership over the past two years.

Parafin reported it has funded over $2 billion to small businesses across the United States. The company was founded in 2020 and was recently named to the 2026 Forbes Fintech 50 list, according to the press release.