Luminar Capital lands $5M credit facility, scalable to $15M

What's the deal? Luminar CapitalDealroom has a profile for this one. Try Dealroom →, a Miami-based digital-first finance company serving small and mid-sized businesses, has closed a $5 million senior secured credit facility with a US-based institutional credit manager. The facility can expand to $15 million as its portfolio grows.

What's the endgame? Luminar lends to small businesses through revenue-based financing, term loans in select states, and Luminar LineDealroom has a profile for this one. Try Dealroom →, a multi-draw product for repeat borrowers. Applications, underwriting, and servicing run on a single technology stack.

Where the money goes: The proceeds will fund new originations, expand the product suite, and deepen support for its network of ISO and referral partners nationwide.

Why now? The facility strengthens Luminar's capital base as demand for alternative financing accelerates. It followed what founder and chief executive officer Misha Mikhaylov called "a rigorous institutional diligence process covering our portfolio performance, our reporting infrastructure, and our servicing operations."

What they're saying: "Small business owners need working capital that is fast, flexible, and transparent," Mikhaylov said. "This gives us the capacity to say yes to more of them."

The signal: Debt facilities like this are how lending startups scale — institutional capital lets them originate more loans without diluting equity. Luminar's ability to draw down more as it grows suggests a lender betting on rising demand for faster, tech-driven small business finance.

Read more: PR Newswire

Image credit: Luminar Capital