Buana Finance secures $27.6M credit facility from Bank Danamon

What's the deal? Indonesia's PT Buana Finance TbkDealroom has a profile for this one. Try Dealroom → has secured a US$32.6M term loan from PT Bank Danamon Indonesia TbkDealroom has a profile for this one. Try Dealroom →. The company signed the credit facility agreement on October 26, 2026, with a maximum tenor of 48 months, backed by the company's receivables as collateral.

What's the endgame? Buana Finance, a listed multifinance firm, will use the funds for working capital. The money is earmarked for consumer financing and financial leasing.

Why now? The term loan extends a broader 2026 borrowing drive. Buana Finance also drew facilities from Bank GaneshaDealroom has a profile for this one. Try Dealroom → (US$9.77M), Bank Victoria (US$6.51M), and Bank Itrust (US$13M) this year.

Management said the transaction "does not have a material impact" (translated from Indonesian) on the company's financial condition, legal standing, or business continuity.

The signal: The deal shows continued bank funding access in a slow-growing multifinance market. Indonesia's Financial Services Authority reported industry receivables up 2.01% year on year to US$33.4B in July 2026, with working-capital financing growing faster at 6.32%.

Read more: msn.com

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