Founding Story
In 2018, Stan Vukmer launched Haversine Funding to fulfill a one-stop solution and marketplace need for specialty finance companies to grow their lending platforms. The demand from SME borrowers has never been greater, and the potential for your specialty finance firm's growth is massive.
Within this widely fragmented and highly competitive industry, Haversine Funding can provide the edge you need to succeed. We have the expertise to understand your needs and quickly underwrite opportunities. And, we do not provide direct loans to commercial borrowers, so are non-competitive to your business.
In 2018, Stan Vukmer launched Haversine Funding to fulfill a one-stop solution and marketplace need for commercial specialty finance companies to grow their lending platforms. The demand from SME borrowers has never been greater, and the potential for your specialty finance firm's growth is massive.
Initially, we launched a participation program to help lenders “win” and retain clients, reduce concentrations, and take on larger transactions to build their portfolio at a faster scale. By 2021, we added in more funding solutions for factors and lenders – senior lines of credit and subordinated debt (junior lines of credit). Having multiple financing options available allows commercial specialty lenders to access capital throughout the various growth phases of their business, from early stage to growing to mature platforms.
Today, we now also provide selective growth capital for funding acquisitions or buyouts.
Within this widely fragmented and highly competitive industry, Haversine Funding can provide the edge you need to succeed in almost any stage of your finance company. And, we do not provide direct loans to commercial borrowers, so we are non-competitive to your business. We also have the expertise to understand your needs and quickly underwrite opportunities. In fact, it’s our team that makes us truly unique as we’ve worked in the space as lenders for decades.
Our Team
Our goal is to become your true partner, where we can help small and mid-size alternative lenders obtain lender financing and growth capital options, work with our industry experts through your business cycles and stages, and gain new connections for growth and access to lower cost of funds. Our goal is to help you succeed.
What We Offer
Haversine Funding is backed by unlevered family office 'permanent' capital, not subject to redemptions or banking restrictions, allowing us the ability to consistently fund when others cannot, especially when you need it most. We offer:
Why Haversine?
“Haversine” is a mathematical formula historically important to global navigation. It provides the most direct route for traveling great distances.