Discover how small businesses can leverage SBA and USDA loans to fuel growth and success. This comprehensive guide covers everything you need to know about accessing these financial resources for your business expansion.
American Credit :$556,000 Funding for Leading Chicago E-Sports Entertainment Company
American Credit moved away from a traditional “ revenue-based “ loan and reorganized a startup's loan request as a collateral based financing utilizing an e-sports equipment.
A new innovative start-up E-Sports company with two locations was opening a brand new third location in Chicago and needed over $ 1 million in equipment.
Challenges: As a new company without 2 to 3 years of financials , traditional conventional financing was not an option. Moreover, we advised the company to assiduously avoid any expensive short-term financing options.
Solution: American Credit was impressed with the deep expertise and experience of the principals of the business . We moved away from a traditional “ revenue-based “ loan and reorganized as a collateral based financing utilizing the e-sports equipment. Moreover, to maximize the client’s cash flow, we decided to deploy the needed equipment financing in two increments of $ 556,000
Result: $ 1 Million dollar funding with $ 556,000 funded now and another $ 500,000 funded a few weeks after new location opened.
American Credit’s Value Added:
Deep experience as a leading ABL multi-lender with a dual lending platform: in-house portfolio with off balance sheet partnerships along .
Expertise at restructuring complicated deals with start ups and converting to well-priced fundings.
Understanding the world from our client’s perspective.
Proprietary AI/ technology with deep industry relationships across the globe.
Director, Business Development
American Credit, Inc
2100 Geng Road, Suite 210
Palo ALto, CA 94303