tiprankstipranks
Inuvo Secures $10 Million Financing, Revamps Financial Strategy
Company Announcements

Inuvo Secures $10 Million Financing, Revamps Financial Strategy

Don't Miss our Black Friday Offers:

Inuvo (INUV) has issued an announcement.

In a strategic financial move, Inuvo, Inc. and its subsidiaries have entered into a substantial $10 million Financing Agreement with SLR Digital Finance LLC, effective July 31, 2024. This agreement, with an initial 36-month term and provisions for renewal, allows the company to borrow against up to 90% of eligible accounts receivable. The terms also include a facility fee and monthly servicing charges, as well as a detailed structure for rates post-advance and stipulations for default situations. This deal marks the termination of a previous loan agreement with Mitsubishi HC Capital America, Inc., as Inuvo moves forward with new financing strategies to bolster its financial standing.

For detailed information about INUV stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskInuvo Inc. Reports Strong Q3 Revenue Growth
TheFlyInuvo reports Q3 EPS (1c), consensus (2c)
Christine BrownIs INUV a Buy, Before Earnings?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App