Daily News: October 21, 2019

CrowdOut Capital Provides Term Loan to Tender Greens


CrowdOut Capital completed a term loan to Tender Greens. Founded in 2006, the borrower is a trailblazer in the hospitality industry creating the fine-casual dining category.

“CrowdOut provided us the flexible capital we were looking for,” said Denyelle Bruno, CEO of Tender Greens. “We are excited to be partnering with them as we continue to grow our brand from coast-to-coast.”

Tender Greens owns and operates more than 30 locations in California, New York and Massachusetts. With female leadership at CEO and CFO, Tender Greens is committed to 50% female restaurant leadership within the company by 2020.

“We continue to see healthy, growing businesses like Tender Greens in need of a flexible lender,” said Alexander Schoenbaum, CEO of CrowdOut Capital. “We have created a better lending solution in the midst of today’s glut of alternative capital. We do not want to take advantage of our borrowers – we want to collaborate with them.”

CrowdOut Capital is a private-lending syndication platform that offers profitable, middle-market companies a better way to raise capital. CrowdOut has led more than $225 million in originations since inception.