Asure Software Inc. (NASDAQ: ASUR ), a provider of integrated software solutions with a market capitalization of $246 million and impressive gross profit margins of 68.5%, has entered into a significant financial agreement, securing a credit facility of up to $60 million. According to InvestingPro analysis, the company currently holds more cash than debt on its balance sheet, suggesting strong financial management. The Credit, Security and Guaranty Agreement, established with MidCap Financial Trust and other lenders, was executed on Thursday, providing the company with an immediate $20 million in funding. This new facility significantly expands the company's financial flexibility, building upon its existing modest debt level of $17.73 million and maintaining a healthy current ratio of 1.06. The agreement outlines that the remaining $40 million will be available to Asure Software until March 31, 2027, subject to the maintenance of a specified Total Leverage Ratio.