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Speritas Capital Partners Arranges a $2.5 Million Revenue-Based Facility
EntSun News/11066635
This $2.5MM facility refinanced a bank line of credit and multiple merchant cash advances. The refinancing also generated substantial working capital, allowing the company to invest in sales and marketing to support a 2nd generation platform.
GREENWICH, Conn. - EntSun -- Speritas Capital Partners today announced the closing of a $2.5 million revenue-based credit facility for a provider of a sector-specific, AI-driven customer relationship management system. Speritas Capital was brought in by the client to assess financing options to pay off their current lenders and to generate working capital to support substantial client demand.
This new facility refinanced a bank line of credit, eliminated expensive merchant cash advances (MCAs), and delivered vital working capital to support the expanded launch of the company's 2nd generation CRM system.
More on EntSun News
Faced with limited lender options due to COVID-era setbacks and the capital demands of its second-generation platform, the company turned to Speritas Capital for strategic financing guidance. The debt advisory firm conducted an in-depth review of recent financials and monthly recurring revenue projections to develop a compelling narrative for prospective lenders.
"Our ability to assess the client's financing needs and identify the right SaaS-based lender was critical," says Speritas Capital's CEO, Jeffrey Bardos. "We worked closely with the founders to develop a compelling story for potential lenders. "With limited tangible collateral and a fast-moving turnaround, this deal required creativity, clarity, and urgency."
"The company was facing a looming liquidity problem when a close associate referred me to Speritas Capital," noted the CEO of the client. "Jeff understood the complexity of our situation and moved swiftly," said the client CEO. "He told our story powerfully, negotiated with precision, and sourced a lender who believed in our growth plan. We closed in just 35 days."
More on EntSun News
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About Speritas Capital Partners
Speritas Capital Partners, headquartered in Greenwich, CT, specializes in arranging customized financing solutions for small to lower middle market businesses and commercial real estate projects. With access to over 100 national lenders and private investors, Speritas focuses on complex credit, collateral, and cash flow challenges.
Financing solutions include:
This new facility refinanced a bank line of credit, eliminated expensive merchant cash advances (MCAs), and delivered vital working capital to support the expanded launch of the company's 2nd generation CRM system.
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Faced with limited lender options due to COVID-era setbacks and the capital demands of its second-generation platform, the company turned to Speritas Capital for strategic financing guidance. The debt advisory firm conducted an in-depth review of recent financials and monthly recurring revenue projections to develop a compelling narrative for prospective lenders.
"Our ability to assess the client's financing needs and identify the right SaaS-based lender was critical," says Speritas Capital's CEO, Jeffrey Bardos. "We worked closely with the founders to develop a compelling story for potential lenders. "With limited tangible collateral and a fast-moving turnaround, this deal required creativity, clarity, and urgency."
"The company was facing a looming liquidity problem when a close associate referred me to Speritas Capital," noted the CEO of the client. "Jeff understood the complexity of our situation and moved swiftly," said the client CEO. "He told our story powerfully, negotiated with precision, and sourced a lender who believed in our growth plan. We closed in just 35 days."
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About Speritas Capital Partners
Speritas Capital Partners, headquartered in Greenwich, CT, specializes in arranging customized financing solutions for small to lower middle market businesses and commercial real estate projects. With access to over 100 national lenders and private investors, Speritas focuses on complex credit, collateral, and cash flow challenges.
Financing solutions include:
- Asset-Based Lending
- Accounts Receivable & Purchase Order Financing
- Equipment Finance
- Revenue-Based Loans
- SBA & USDA Guaranteed Loans
- Bridge, Construction & Permanent CRE Loans
Source: Speritas Capital Partners LLC
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