Articles / Industry Insights

Executive’s Corner: Interview with Kenneth Frieze, CEO of Gordon Brothers

Sep
25
2019
Link to article here. In this installment of our series of “Executive’s Corner,” featuring articles from guest writer Charlie Perer of SG Credit Partners, the author sits with Ken Frieze to gain an understanding of his views on leadership, market cycles and the competitive environment, among other topics. Charlie Perer: Thank you for your time. It’s incredible to think that Gordon Brothers was founded over 100 years ago. Can you talk...

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The Bank ABL Conundrum: Why Do Banks Fail to Sell this Excellent Product?

Sep
22
2019
An increasing number of commercial banks are creating ABL divisions. Yet, as Charlie Perer muses, these divisions are still playing second fiddle to C&I and not receiving referrals from their C&I colleagues, even when ABL might be a more appropriate product and not utilizing it will cause a client to exit. He explains that breaking down the silos between divisions will serve customers more effectively and keep them as clients. Is...

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SG Credit Partners Receives $100+ Million Investment, Andrew Hettinger Joins as Chief Investment Officer, Lon Brown Joins as Senior Credit Advisor, Christopher Koenig Joins as Managing Director, East Coast

Sep
18
2019
Link to article here. MidMark Financial Group, along with The Cynosure Group and The 4612 Group, announced a significant closing of $113 million in growth capital to acquire majority control of SG Credit Partners, Inc., in partnership with management.  This investment is the initial phase of a plan to build SG Credit into a leading multi-product opportunistic credit platform.  As part of the investment, industry veterans Andrew Hettinger,...

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Space Cowboys and Special Assets

Sep
17
2019
Link to article here. Clint Eastwood starred in the classic year 2000 movie, Space Cowboys, about a retired astronaut who, along with his colleagues, was sent back to space to fix a satellite he helped build in the 1960s. It turned out (in the movie) that NASA had no one around with any knowledge of the dated technology built into the satellite, so they had to turn to a retired astronaut to solve the problem. The importance of this particular...

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Executive’s Corner: Interview with David Marks, EVP, Head of Wells Fargo Commercial Capital

Jul
17
2019
In this installment of our series of “Executive’s Corner,” featuring articles from guest writer Charlie Perer of SG Credit Partners, the author sits with David Marks, Executive Vice President, Head of Wells Fargo Commercial Capital, to gain an understanding of his views on leadership, running one of the largest asset-based lending businesses in the U.S., and Wells Fargo’s middle-market strategy. Charlie Perer: Thank you for your time...

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Executive’s Corner: An Interview with David Grende of Siena Lending Group and Tim Stute of Hovde Group

May
16
2019
Link to the article here. In this installment of our series “Executive’s Corner,” featuring guest writer Charlie Perer of SG Credit Partners, the author sits with David Grende, CEO of Siena Lending Group, and Tim Stute, Managing Director and Head of Specialty Finance of Hovde Group, to discuss their backgrounds in the industry, their views on the current M&A environment, and why now was the time to sell. Charlie Perer: Thank you for...

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Executive’s Corner: An Interview with Michael Sharkey, President, MB Business Capital

Mar
26
2019
Link to article here. In our debut installment in a series of “Executive’s Corner” articles from guest writer Charlie Perer of SG Credit Partners, the author sits with Michael Sharkey, President of MB Business Capital, to learn about Sharkey’s history in the ABL industry and his views of the current lending environment. In August 2018, Sharkey was named to head Fifth Third Business Capital – the combined national asset-based lending businesses...

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SG Credit Partners Has Spun Out of Super G Capital

Mar
4
2019
Super G Capital, LLC announces that it has spun out its cash flow, technology, and special situations lending division to create a pure-play, lower middle market specialty finance company – SG Credit Partners, Inc. (“SG Credit Partners”).  SG Credit Partners’ mission is to fill the credit void that exists for businesses that need up to $10 million in second lien and special situations debt. “We spun-out the team to reflect our positioning...

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BDCs and Credit Funds are Transforming the ABL Industry

Jan
8
2019
Link to article here. Business Development Companies (BDCs) and private credit funds are transforming the asset-based lending (ABL) industry at every level – from Apollo via MidCap Financial and Ares at the high-end, to Solar via North Mill and Hercules via Gibraltar at the low-end. It’s no accident this is happening as this has been part competitive response and part growth strategy to compete with banks consolidating independent ABLs...

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Community Banks: Darkhorse Competitors to Super-Regional and National Banks

Nov
19
2018
Link to article here. A virus of acquisitions has enabled national and super-regional banks to bulk up over the last decade. Their smaller cousins — community banks — are often dismissed as warehouses for customer deposits and little more. Charlie Perer points out that when community banks acquire some some specialty lending platforms and pair them with deep hometown relationships, they can rival the big boys. Community banks are getting...

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California loans are made pursuant to SG Credit Partners, Inc.'s California Department of Corporations Finance Lender License No. 60DBO-87290. Credit approval is subject to SG Credit Partners, Inc.'s credit standards, and actual terms (including actual loan amount) may vary by applicant. SG Credit Partners, Inc. requires certain supporting documentation with each new application. Complete disclosures of APR, fees, and payment terms are provided with each loan and are available from SG Credit Partners, Inc. at 23 Corporate Plaza, Suite 100, Newport Beach CA 92660, telephone 1-800-631-2423.