(#64) A $1M Financing Enables a $30M Software IP Sale

Industry: Software

Late-paying customers turned this unprofitable $10M-revenue software company into a late payer itself, most painfully evidenced by the costly late fees imposed by the mezzanine finance company that had provided a sorely needed short-term loan. Shunned by banks, the company turned to Marble Bridge, which wasted no time in:

  1. Paying off the short-term loan — and putting an end to stinging late fees.
  2. Providing $1M in funding to stabilize cash flow and permitting the company to refocus on its strategic goals.
  3. Allowing the no-longer-distracted management to complete a $30M software IP sale.

The proceeds provided the resources for new product development — and a new phase of internally financed corporate growth.