US Capital Provides A/R, Term Loan to ClickXChange
US Capital Partners provided a $750,000 accounts receivable line of credit and a $1 million term loan for the strategic acquisition of ClickXChange.
“We are extremely pleased with this well-structured financing designed to support our strategic acquisition of ClickXChange,” said Earl Robinson, partner at ClickXChange. “The new financing was used to acquire ClickXChange’s lead-generation business and its coupon marketing group, and also to provide additional working capital to expand the ClickXChange business by entering new markets.”
“We are delighted to have structured and provided a $1.75 million facility for ClickXChange,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “US Capital Partners carefully analyzed the two strategic targets and was able to identify and mitigate the risks associated with the acquisition and with the changes to management in a business focused on new-growth areas in the tech industry. This allowed us to successfully provide acquisition capital in an industry that is otherwise difficult to finance.”
Headquartered in California, ClickXChange is a performance-based online affiliate and direct marketing services provider to the mass consumer market.