BOSTON, MA — July 1st, 2026
Eastward Capital Partners, a leading provider of venture debt and equity financing to VC-backed technology companies, today announced the closing of a venture debt facility with Formations Corp, a FinTech SaaS company headquartered in Kirkland, Washington.
Formations Corp serves the self-employed economy — one of the fastest-growing segments of the U.S. workforce — by providing business owners with the financial infrastructure to run a tax-smart business from day one. The company’s platform covers the full lifecycle of self-employed business management: entity formation (LLCs and S-Corps), automated bookkeeping, payroll processing, tax filing, and real-time financial dashboards that give business owners clear visibility into their financial position.
By integrating these services into a single, automated SaaS platform, Formations removes the complexity and cost that has historically made professional financial management inaccessible to the self-employed — replacing fragmented tools and expensive advisors with a streamlined, technology-driven solution designed specifically for solo operators and small business owners.
The venture debt facility from Eastward Capital Partners will provide Formations Corp with non-dilutive growth capital to [expand platform capabilities / accelerate customer acquisition / scale operations — update with specifics from ECP].
About Formations Corp
Formations Corp is a FinTech SaaS company headquartered in Kirkland, Washington, that provides self-employed business owners with tools and support to run a tax-smart business. Services include entity formation (LLC and S-Corp setup), automated bookkeeping, payroll, tax filing, and financial dashboards with real-time visibility. Formations helps self-employed professionals build their business on a financially sound foundation from day one. For more information, visit formationscorp.com.
About Eastward Capital Partners
Eastward Capital Partners is a Boston-based provider of venture debt and equity financing to VC-backed technology companies. Founded in 2004, Eastward has partnered with more than 270 companies over three decades, offering flexible, non-dilutive capital solutions designed to help founders extend runway, hit milestones, and scale without unnecessary equity dilution. Eastward’s portfolio spans SaaS, health tech, fintech, enterprise software, clean tech, consumer tech, and emerging technology sectors. For more information, visit eastwardcp.com.