Loan to support working capital needs of a venture capital e-commerce company
SAN JOSE, California, July 20, 2021 (GLOBE NEWSWIRE) – Tech Capital, LLC, an asset-based finance company and a 100% subsidiary of Tech CU, announced today that it is participating in a $ 30 million loan to and attracted by Multiplier Capital. This loan will meet the growth capital needs of one of Multiplier Capital’s portfolio companies, an e-commerce venture capital company in the growth phase. Tech Capital’s participation will amount to $ 8 million.
“Multiplier Capital is a respected venture debt firm with an impressive reputation. They also have a lending strategy that complements Tech Capital’s approach to asset-based lending, making them an ideal partner, ”said Joe Anzalone, Managing Director of Tech Capital, LLC. “We are delighted to be able to work with them.”
“Tech Capital has an excellent reputation in the asset-based lending world,” said Ray Boone, general partner and co-founder of Multiplier Capital. “We were impressed with their speed and ability to realize this opportunity and look forward to working together in the future. We see excellent synergies in partnership with Tech Capital with other portfolio companies that we support. “
Tech Capital provides asset-based loans and is known for its flexibility and creativity in building credit structures in collaboration with clients. It is a 100% subsidiary of Tech CU, a leading credit union.
About Tech Capital
Tech Capital, LLC, founded in 2015, is a nationwide finance company specializing in asset-backed lending solutions for companies and midsize businesses. Tech Capital is a wholly owned subsidiary of Technology Credit Union. For more information on Tech Capital visit: https://www.techcu.com/Business/Tech-Capital-LLC/…
ABOUT Multiplicative capital
Multiplier Capital is a $ 500 million debt growth platform that provides secured loans to fast growing, professionally supported companies. Multiplier Partners have invested over $ 1.5 billion in capital in over 150 transactions over the past 19 years as a team, leveraging our 90 years of combined experience to offer customized debt solutions for our company partners. For more information visit: https://www.multipliercapital.com/…
Public Relations, Tech CU