Arlington, VA (PRWEB) April 25, 2013
Super G Holdings is pleased to announce the launch of its third lending product, SaaS Funding. Many software developers are shut out from conventional bank financing and are looking for alternatives. SaaS Funding allows developers to leverage their recurring subscription revenue to obtain growth financing while retaining equity ownership. Loan amounts range from a minimum of $25,000 up to $2 million and features rapid funding.
"Software as a service (SaaS) is a $14 billion global market that continues to expand as more and more IT services are pushed off premise. While this model shift holds benefits for both consumers and independent software venders (ISVs), the disappearance of upfront license fees increases the funding strain for many ISVs" said Darrin Ginsberg, CEO of Super G Holdings.
SaaS Funding’s loans were created for the needs of busy developers and unlike venture capital, the loans are easy to obtain and can be arranged in as few as ten business days. "ISVs can use the money for any business purpose: capital to increase marketing, launch a new product or version, or invest in developers.
Super G Holdings began lending to the payments industry in 2008 with the creation of Super G Funding. In 2012 it launched BizCash to provide cash flow based lending to a wide array of business types. “SaaS Funding is an extension of our experience lending against recurring revenue streams and our passion for working with entrepreneurs building small businesses” Ginsberg added. Interested firms must have been in business for at least one year, have recurring revenue of at least $25,000 per month and have at least one hundred paying users.
“SaaS Funding…Funding America’s Developers”
About Super G Holdings
Super G Holdings is a provider of small business financing solutions. We specialize in loans from $100,000 - $2,000,000. We operate three primary lending businesses: Super G Funding provides ISO loans, BizCash provides small businesses with cash flow based financing and SaaS Funding lends to software developers. For more information about SaaS Funding, go to http://www.saasfunding.com or call Darrin Ginsberg at 800-631-2423.