Struggling digital marketing company Viggle Inc. (Nasdaq: VGGL) has secured a new loan from its CEO and a new sales agreement.
Viggle announced on Jan. 21 that CEO Robert Sillerman lent the company $2 million on Jan. 14. The loan bears interest at 12 percent. Sillerman made a previous $2 million loan to Viggle in December. The new loan is expected to enable the company to fund working capital requirements.