Littlebanc Advisors and Affiliate LB Merchant Lead $3.2 Million Investment in
PSM Holdings, Inc., a Full-Correspondent Mortgage
DELRAY BEACH, FL -- (Marketwired) -- 04/03/14 -- Littlebanc
Advisors, LLC and affiliate LB Merchant, LLC are pleased to announce
the completion of a $3.2 million investment in PSM Holdings, Inc.
(OTCQB: PSMH) in the form of Series C and Series D Convertible
Preferred Stock. Littlebanc acted as the sole placement agent for
both the Series C and Series D shares. In the offering Littlebanc
married firms and individuals, leading the investment with $1.8
million of their own investor's capital via LB Merchant's second
investment in the company, and bringing together two other
institutional investors to fill the remaining $1.4 million of the
PSM Holdings Chairman Jeff Smith commented on the deal, saying, "In
the last few quarters we have completed a total upgrade of our
internal systems and delegated platform, this funding was the final
piece necessary for us to execute our plans."
About PSM Holdings, Inc.
PSM Holdings, through its wholly owned subsidiary, Prime Source
Mortgage, Inc. (PSMI), provides mortgage brokerage and banking
services across the United States. For more information visit
About LB Merchant, LLC
LB Merchant, LLC, an affiliate of Littlebanc Advisors, LLC, is a
merchant bank that invests in small, high-quality growth companies.
LB Merchant invests its own capital along with capital from select
Limited Partners and takes an active approach with its portfolio
companies to assist them in realizing their potential.
For more information, visit www.lbmerchant.com. If you're interested
in working with Littlebanc Merchant as an accredited investor or
entrepreneur, please contact us at 561-922-3700 to speak with one of
our Managing Directors or email us at email@example.com.
About Littlebanc Advisors, LLC
Littlebanc Advisors, LLC specializes in raising small tranches of
capital for growth companies. Littlebanc Advisors acts as agent and
advisor in traditional investment banking transactions that it
conducts on behalf of its clients. As potential banking clients and
merchant investments, they target compelling companies with proven
business models that are on the cusp of brea
kout revenue and
profitably but require growth capital to get them there. These
earlier stage companies are typically passed over by both traditional
investment banking and private equity. By focusing on this
underserved yet larger market, Littlebanc unearths a greater number
of less competitive opportunities with higher potential returns. For
more information, visit www.littlebanc.com.
Littlebanc Advisors LLC, securities offered through Wilmington
Capital Securities LLC, Member FINRA/MSRB/SIPC
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