Latest News

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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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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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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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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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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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.