SEASIDE 88 CAPITAL, LLC

A Trusted Source of Growth Capital for Small and Mid-Sized Firms

 

 

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Seaside 88 Capital, LLC, a Florida limited liability company, has a narrowly focused business of providing innovatively structured growth capital to both privately held and publicly traded companies.

 

 

 

Introduction

 

Many small and mid-sized companies experience difficulty in sourcing growth capital from traditional sources. The size of the companies' needs are usually too modest to interest managers of very large pools of capital, and banks often balk at lending to entities that don't have extended records of profitability. This places the companies at risk of sourcing capital from so-called "vulture lenders" that typically charge exorbitant rates and fees and have unreasonable collateral demands.

 

Seaside strives to fill that market niche with innovatively structured financing packages tailored to companies' specific requirements. Our managers have financed hundreds of companies and committed hundreds of millions of capital. Industries have included healthcare (both pharma and medical devices), oil and gas, technology, metals and mining, and a wide range of other sectors. Most of our financings have been sole funded, but we are now actively interested in partnering with selected third parties on specific transactions.

 

Privately Held Companies

 

In the private company arena, Seaside is focused on financing companies that have proven demand for their products and/or services. Seaside's managers avoid seed funding because they believe that the risk profile for that space is generally unattractive.

 

Profit sharing agreements. Repayments may be tied to revenue generation, unit shipments, or other measurable mileposts, giving the companies some degree of flexibility if their businesses do not grow exactly in accordance with projections.

Equity financings. Terms may be flexible, with company valuations determined at some future date based on actual performance.

Bridge loans. These loans are generally no more than six months in duration and must be well secured. The use of proceeds should be for a specific growth objective rather than general corporate purposes.

 

Publicly Traded Companies

 

Private placements. Seaside's managers and their affiliated entities have done hundreds of such transactions, with individual commitments ranging from $100,000 to more than $100 million.

Bridge loans. The loan recipients typically must either (i) be publicly trading on a U.S. exchange and (i) have a signed agreement with a broker-dealer to manage a new secondary offering of its securities, or (ii) be an IPO prospect that has engaged a broker-dealer to manage an initial public offering of its securities and already filed its initial submission to the U.S. Securities and Exchange Commission. Collateral may be in the form of the company's common shares.

 

 

Seaside 88 Capital, LLC, a Florida limited liability company, owns and operates this web site. We are not a broker-dealer, investment advisor, or crowdfunding portal. Furthermore, we do not offer any securities, or act as a broker-dealer, investment advisor, or placement agent, nor do we provide any investment advice or provide analysis regarding any company mentioned on this web site. This information is intended for discussion purposes only, is not a solicitation to invest, and must not be relied upon for financial, legal, tax or any other professional advice. The only authoritative sources of information regarding any transactions in which Seaside is engaged are the transaction documents specific to those investments. Seaside 88 Capital, LLC. All rights reserved.

 

 

William J. Ritger

wjr@seaside88.com

561.891.1903

Denis M. O'Donnell, M.D.

dod@seaside88.com

781.789.3173