Daily News: December 5, 2013

US Capital Provides A/R Credit Line to Tandon Digital

US Capital Partners provided a $2 million accounts receivable line of credit for Tandon Digital, which owns SDJ Technologies.

“We are extremely pleased with this well-structured financing, which was designed specifically to support SDJ’s rapid business growth,” said Jay Tandon, CEO at SDJ and Tandon Digital. “SDJ has been experiencing explosive growth in recent months and needed a working capital line of credit to help meet demand for its Monster Digital products from customers such as Fry’s Electronics, Rite Aid, and Staples. This new facility provides the additional working capital the company needs to expand its distribution channels.”

“We are delighted to have supported the ongoing expansion of this innovative Simi Valley-based enterprise,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “At US Capital Partners, we always look carefully at all aspects of a business to provide intelligently structured, custom financing that meets the specific needs of our clients. In this case, we structured and provided a $2 million accounts receivable line of credit for Tandon Digital, designed to drive revenue growth for the upcoming holiday season and help SDJ surpass its projections this year and over the coming years.”

Simi Valley, CA-headquartered Tandon Digital is the holding company of SDJ Technologies, a developer and manufacturer of high-performance flash and other memory storage products.