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BizCap Facilitates CodeScience’s Multimillion-Dollar Line of Credit

May 24, 2023, 07:19 AM
Filed Under: Technology
Related: BizCap, Technology

BizCap announced its successful collaboration with CodeScience, an independent software development and services vendor specializing in developing bespoke, top-performing Salesforce applications and enterprise solutions since 2008. Despite the tightening credit markets and increasing uncertainty within the software industry, BizCap secured CodeScience a multimillion-dollar asset-based line of credit, exemplifying its commitment to assisting businesses in achieving their financial objectives.

CodeScience had experienced difficulties in securing cost-effective financing  independently.  BizCap effected a rapid turnaround within one month and CodeScience received multiple debt offers, each with significantly lower costs of capital. The partnership with BizCap provided the company superior financial solutions which will allow them to continue delivering cutting-edge software solutions while fueling its expansion plans.
    
"The support we received from BizCap was a game-changer for us,” said Michael Witherspoon, Founder, and President of CodeScience. “Their expertise and dedication secured us financing with highly favorable terms and saved us valuable time and resources, I only wish we had engaged with BizCap earlier in our financing journey."

Cooper Brown  of BizCap expressed his enthusiasm for the successful partnership, stating, "The BizCap team is thrilled that CodeScience trusted us to deliver a credit facility on their behalf allowing them to optimize capital structure and unlock new growth opportunities. It was a pleasure collaborating with goal-oriented and customer-focused counterparts,” he said.







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