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Stonebriar Commercial Finance Closes $11MM Loan

October 06, 2020, 07:18 AM

Stonebriar Commercial Finance announced the closing of an $11 million loan with a market-leading media, technology and content management company engaged in providing hardware and software solutions to the casual and upscale dine-in restaurant industry. The loan proceeds will support ongoing product research and development with incremental liquidity to be used by the borrower for general corporate purposes.

The loan is secured by certain in-restaurant technology hardware, related software and the assignment of contracted service payments from an owner and operator of diverse restaurant concepts across the U.S. and Canada.

John Cyphers, Stonebriar Managing Director, said, “Our client’s products and services promote safe and enjoyable dining experiences for patrons, operational efficiencies and economic opportunities for the operator, and reliable and secure payment options for both.”

Noah Starr, Stonebriar Investment Manager, added, “Through underwriting, we developed an appreciation for the client’s innovative technological solutions deployed within the restaurant industry, the quality of management and its long-term strategic vision, and the strength of the company’s customer relationships.”

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