Stonebriar Commercial Finance closed an $11 million loan with a media, technology and content management company engaged in providing hardware and software solutions to the casual and upscale dine-in restaurant industry. The loan proceeds will support ongoing product research and development with incremental liquidity to be used by the borrower for general corporate purposes.

The loan is secured by certain in-restaurant technology hardware, related software and the assignment of contracted service payments from an owner and operator of restaurant concepts across the U.S. and Canada.

“Our client’s products and services promote safe and enjoyable dining experiences for patrons, operational efficiencies and economic opportunities for the operator, and reliable and secure payment options for both,” John Cyphers, managing director of Stonebriar Commercial Finance, said.

“Through underwriting, we developed an appreciation for the client’s innovative technological solutions deployed within the restaurant industry, the quality of management and its long-term strategic vision, and the strength of the company’s customer relationships,” Noah Starr, investment manager for Stonebriar Commercial Finance, said.