SBC Capital Names Backd Business Funding as a Capital Partner

SBC Capital has named Backd Business Funding as a capital partner supporting the financing needs of its portfolio companies. The partnership was established by Alex Suvorov, Founder and Managing Principal of SBC Capital, and Alex Bonner of Backd Business Funding.

Through the partnership, Backd will help eligible portfolio companies access flexible financing for working capital, growth initiatives, acquisitions and other time-sensitive business requirements. Its technology-enabled approach is designed to evaluate and source capital quickly — potentially within one week — subject to underwriting, approval and applicable terms.

The partnership expands SBC Capital’s value-creation capabilities by giving portfolio company management teams access to responsive capital solutions when speed and execution certainty are critical. SBC Capital looks forward to working with Backd to support the sustainable growth of its portfolio companies.