River SaaS Capital begins lending to startups

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

Cleveland, Ohio’s, River SaaS Capital wants to lend money to software companies — even if they haven’t yet turned a profit.

The new company, a subsidiary of River Capital Finance in Westlake, is hunting for “software as a service” companies that can generate significant recurring revenue, even if they don’t yet qualify for a traditional bank loan.

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Originally published May 22, 2016.