American Credit :$556,000 Funding for Leading Chicago E-Sports Entertainment Company

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.

Corey Rockafeler,

Director, Business Development

American Credit, Inc

2100 Geng Road, Suite 210

Palo ALto, CA 94303