Super G Funding Announces SaaS Funding Division
SaaS Funding (www.saasfunding.com), a leading provider of senior and junior debt capital to Software-as-a-Service (SaaS), digital media and tech enabled service companies, is pleased to announce that it has opened an office in the heart of Santa Monica, hired a team of SaaS professionals and has funded five recent transactions. SaaS Funding is a division of Super G Funding, pioneers in recurring revenue lending. SaaS Funding’s understanding of recurring revenue businesses enables companies to use debt instead of equity to scale, minimize dilution and maintain liquidity.
SaaS Funding was formed in order to provide a dedicated team and resources to emerging SaaS, digital media and tech companies. SaaS Funding is the only lender that has a unique loan program called “First-to-Second” meaning that SaaS Funding will start off as the senior lender and finance a client until it can obtain a credit line from a bank or other permanent senior lender and then subordinate. “SaaS Funding’s capital base enables us to fund quickly and provide true flexibility that we can upsize over the course of the loan,” according to Director Charlie Perer who heads origination efforts in SaaS Funding’s Santa Monica office. “We are unique in our ability to begin as a senior lender and end up in a subordinated position in order to maintain a long-term relationship with our clients.”
SaaS Funding primarily focuses on bootstrapped and angel-backed companies who have less financing options than traditional venture backed companies. SaaS Funding provides flexible lending programs with loan amounts ranging from $250,000 to $3 million and terms ranging from 12 months to 36 months.
New team members include Venture Partner, Ivan Nikkhoo, who is a veteran SaaS advisor and entrepreneur. “With our team now centrally located in the heart of Silicon Beach, we have dedicated resources to handle the deal flow from the Southern California Tech community with the goal to expand nationally given our capital base and team,” commented Darrin Ginsberg, CEO of Super G Funding. “We’re excited to have closed five new SaaS transactions including loans to Mobile Cause and Solid Commerce. They are innovative, rapidly growing companies and an ideal match for our non-dilutive junior capital.”
About SaaS Funding
SaaS Funding, based in Santa Monica, CA and Newport Beach, CA, was founded as a division of Super G Funding and is exclusively focused on providing senior and junior debt capital to SaaS, digital media and tech companies. SaaS Funding’s understanding of recurring revenue businesses enables companies to use debt instead of equity to scale, minimize dilution and maintain liquidity. SaaS Funding’s first-to-second debt approach is a one of a kind feature that enables companies to maintain a long-term relationship with SaaS Funding. SaaS Funding offers flexible debt solutions with loans ranging in size from $250,000 – $3,000,000 and terms ranging from 12 months to 36 months. Visit www.saasfunding.com to learn more about the Company.