Case Studies

SG Credit Partners Provides $1.5 Million Refinance for SaaS Company

Sep
30
2019
The Company: Venture-backed SaaS platform for digital publishing.  Revenue: $6MM | Equity Raised: $30MM. The Financing Situation: The Company’s existing debt facility was maturing and the incumbent lender was unwilling to extend due to lender fatigue and other circumstances. SG was brought in alongside an equity contribution to refinance the debt and provide additional working capital. The Solution: SG was able to quickly get comfortable...

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SG Credit Partners Provides $6.5 Million to SaaS Company

Sep
16
2019
The Company: Venture-backed, cloud-based software platform primarily targeting outbound sales organizations. The Financing Situation: The Company experienced significant year-over-year growth but the Company’s existing credit facility was maturing and the incumbent lender did not want to extend its maturity date. Additionally, the Company was seeking non-dilutive growth capital to execute on its sales pipeline and increase ARR to improve...

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SG Credit Partners Provides $2 Million Second Lien Cash Flow Loan Secured By Real Estate

Jul
11
2019
The Company: Provider of IT managed services and cloud collaboration solutions.  The Company’s management team owns corporate real estate held in a LLC outside of the Company. The Financing Situation: The Company was in need of upfront working capital for new contracts, but did not have availability on its bank ABL.  The bank ABL had recently closed its credit facility and was not able to provide additional financing until there was a...

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Industrial Recycling Service Provider

May
9
2019
The Company: Family-owned industrial recycling company that sells processed and unprocessed materials to domestic and international mills, foundries, and other material processors. Financial Profile: Revenue: $40.0mm The Financing Situation: Management was exploring a sale of the Company and needed additional working capital beyond the availability on their asset-based lending (“ABL”) facility. SG Credit Partners was approached to provide...

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SG Credit Partners Provides $5 Million Acquisition Financing

Apr
17
2019
Target Company: Oilfield service provider that specializes in pipeline construction and the fabrication of modularized production facility equipment to midstream operators as well as exploration and production (E&P) companies that operate in the Permian and Eagle Ford Basins. Financial Profile: Revenue: $50mm | EBITDA: $8mmAcquiring Company: An energy-focused holding company that provides financial, technical, operational and...

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SGCP Provides $2.0 Million to Cloud Storage Provider

Mar
11
2019
The Company: Non-VC/sponsor backed cloud-based video storage provider for smart home devices. Revenue: $10mm+ run rate | EBITDA: Break-even The Financing Situation: The Company was searching for a non-dilutive capital solution to help finance continued growth – customer acquisition costs and new data center facility capex.  Bank financing was not an option given a combination of the Company’s non-institutional ownership and current...

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SG Credit Partners Provides $2.0MM Second Lien Growth Capital Loan

Mar
1
2019
The Company: Founder owned staffing company that provides a full suite of employment solutions to IT, life sciences, and business services clients. Financial Profile: Revenue: $85.0MM | EBITDA: $4.0MM The Financing Situation: The Company had realized strong revenue growth over the last few years and had a strong pipeline for continued growth. The Company’s bank, Wells Fargo Capital Finance (“Wells Fargo”), was in the process of increasing...

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SGCP Provides $2.0 Million for Senior Lender Transition

Nov
1
2018
The Company: Cloud-based media monitoring and intelligence platform with contracted, recurring revenue. Revenue: $15mm | EBITDA: $1.5mm | Equity Raised: $10mm The Financing Situation: The Company had a line of credit as well as a term loan in place with a Bank. Due to lender fatigue and technical default (financial covenant compliance) the Bank wanted to exit the credit. The Solution: Super G was able to get comfortable with the business...

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Super G Provides $1.0 Million Seasonal Working Capital Loan

Oct
3
2018
The Company: Privately owned wholesaler of licensed toys, collectibles, and housewares. Revenue: $22mm | EBITDA: $2.8mm The Financing Situation: The Company needed additional working capital to purchase inventory in advance of the holiday busy season. The Company has a flexible asset-based credit facility from FSW Funding (“FSW”), however, given the seasonality of revenue, the Company’s current accounts receivable balance did not provide...

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Super G Provides Seasonal Second Lien Term Loan

Jul
31
2018
The Company: Family office backed designer, marketer and manufacturer of specialty dancewear. Revenue: $18mm | EBITDA: $2.4mm The Financing Situation: The Company had recently established an inventory based credit facility with Crossroads Financial to fund general working capital needs and was in need of additional liquidity during its low season (April to October) for inventory purchases and general operating expenses. Given the recent...

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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.