US Capital Partners Provides $2 Million Credit Facility for Tandon Digital, Inc.
US Capital Partners, LLC has put in place financing to support the rapid growth of a leading innovator, developer, and manufacturer of high-performance memory storage products.
SAN FRANCISCO, December 2013 – US Capital Partners, LLC has provided a $2 million accounts receivable line of credit for Tandon Digital, Inc., which owns SDJ Technologies, Inc. (“SDJ”), headquartered in Simi Valley, CA. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.
“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.”
About Tandon Digital and SDJ Technologies
Tandon Digital, Inc. is the holding company of SDJ Technologies (“SDJ”), a leading innovator, developer, and manufacturer of high-performance flash and other memory storage products. Headquartered in Simi Valley, CA, SDJ distributes memory storage products to a variety of commercial customers. SDJ distributes these products under the brand name Monster Digital®, a trademark licensed from Monster, Inc., a world leader in the manufacturing of high-performance headphones, connectivity solutions, and consumer electronics accessories. Monster Digital® products are recognized for their high-performance, superior quality, and reliability.
About US Capital Partners, LLC
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing prompt, innovative, and reliable financing solutions including lending, equity financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small to middle market private and public companies. The company’s innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, CEO and Managing Director, at jsweeney@uscapitalpartners.net or call (415) 889-1010.