PRN Funding expands revolving credit facility with Fifth Third Bank

PRN Funding has closed on a senior secured revolving line of credit with Fifth Third Bank that increases its existing facility by 50% and refinances the old line. The added capacity is designed to support portfolio growth, working capital flexibility and service to homecare clients nationwide.

Why it matters: - PRN Funding’s larger credit facility gives the company more room to finance client needs and pursue growth in the homecare lending market. - The increase can also improve working capital flexibility for the specialty finance firm as it expands its footprint.

What happened: - PRN Funding closed on a senior secured revolving line of credit with Fifth Third Bank on Aug. 3, 2026. - The new facility refinances PRN Funding’s existing line of credit and increases it by 50%. - PRN Funding plans to use the facility to support ongoing portfolio growth and service clients nationwide.

The details: - PRN Funding provides invoice factoring solutions for the homecare industry. - The company also offers working capital solutions to homecare agencies and related service providers across the United States. - PRN Funding was founded in Cleveland, Ohio. - The company says the expanded facility will help fund clients’ working capital needs and support future growth opportunities as PRN Funding expands in its core markets. - Philip Cohen, managing member of PRN Funding, said the company appreciates Fifth Third Bank’s continued support as a financing partner. - PRN Funding helps small and mid-sized businesses improve cash flow and meet payroll.

Between the lines: - The financing move signals that PRN Funding is still in expansion mode and wants more balance-sheet capacity to meet client demand. - A higher revolving line can also help a finance company navigate uneven borrowing needs without changing its core business model.

What’s next: - PRN Funding is expected to use the larger facility to keep growing its portfolio and widen its geographic reach in core markets. - The company will likely continue positioning the credit line as support for client funding and operational flexibility.

The bottom line: - PRN Funding has secured more capital headroom, and that should help the company scale faster while continuing to serve homecare clients.