Daily News: December 11, 2013

US Capital Partners Provides Credit Facility for AdJuggler

US Capital Partners said it provided a scalable $1.25 million line of credit for AdJuggler, headquartered in Falls Church, VA.

“We are delighted to have successfully obtained this new credit facility,” said John Shomaker, CEO at AdJuggler. “We approached US Capital Partners to help us secure working capital to support our ongoing growth. In particular, we were looking for a new, flexible lending partner that understood and appreciated AdJuggler’s business model and the unique elements of the industry we serve.”

“Many traditional bank lenders lack the expertise and experience to fund certain specialized enterprises, such as online advertising and software-as-a-service companies, and are therefore able to offer only limited financing flexibility,” explained Jeffrey Sweeney, CEO and managing director at US Capital Partners. “AdJuggler approached US Capital Partners for flexible working capital, and we are extremely pleased to have successfully put in place a $1.25 million facility for this promising hyper-growth enterprise.”

AdJuggler is a privately held SaaS company that operates in the online advertising sector.