SaaS Funding Targets Software Companies With New Santa Monica Office

SaaS Funding, a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. The company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels. The company said it offers up loans from between $250,000 to $3 million and terms ranging from 12 months to 36 months. As part of the expansion to Santa Monica, the firm said it has added Ivan Nikkhoo as Venture Partner; Nikkhoo was previously at Siemer and Associates. SaaS Funding's Santa Monica office is led by Charlie Perer.