United Capital Partners Successfully Places $3MM Formula Based Line of

Credit on Monthly Recurring Revenue

Software-as-a-service (SaaS) customer closes on a $3MM formula based revolving line of credit on
monthly recurring revenue. The LOC will take out convertible debt and provide growth capital to
support increased demand for customers technology platform.

Houston, TX, August 15, 2017 --(PR.com)-- SaaS customer that has developed a proprietary technology
platform that connects global brands to single or multi-unit hoteliers and their guests in real time, required
a formula based revolving line of credit, to retire maturing convertible debt and provide additional growth
capital to support increase in demand for their technology platform. The customer's request was to replace
a convertible debt note with a new growth capital LOC without having to dilute the current capital table.
United Capital was able to successfully place the debt need and enable the customer to retire the
convertible note and have the additional liquidity through the LOC to support growth.

About United Capital Partners: United Capital Partners works with a team of finance professionals with
an average twenty years of experience in funding equipment leasing, working capital loans, revolving
lines of credit and bridge debt.

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Contact Information:
United Capital Partners
Jennifer Blake
713-907-0372
Contact via Email
unitedcapllc.com

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/726577

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