Key Details

• Use of Proceeds: Debt refinance

• Industry: Education/Technology

• Loan Amount: $5,000,000 Private Credit

• Commission Earned: $50k

• Time to Fund: 27 days

• State: New York

A well-established online learning platform needed to refinance maturing debt from an earlier business acquisition. The company had strong historical revenue and 6 years of operational history but struggled to find lenders comfortable with refinancing $5M in unsecured debt for an edtech business.

Traditional banks were hesitant to refinance the debt without significant additional collateral. The borrower had been working with a lender who had never completed an private credit loan before and didn't have the knowledge to handle the financing efficiently.

The company's fractional CFO used GlassBox to submit the deal to our lender network. We verified the company's historical cash flow and stable revenue streams, formatted the deal for lenders specializing in education sector refinancing, and connected them with a lender who structured a private credit loan that addressed their refinancing needs.

The deal closed in 27 days, allowing the company to consolidate debt obligations and improve cash flow. The CFO earned a commission on the funded loan while maintaining their advisory relationship with the client.