Latest News

SG Credit Partners Provides $2.5 Million to Consumer Debt Collection Agency

Aug
4
2020
The Company: Privately owned consumer debt collection agency.  The Financing Situation: The Company needed capital quickly to move on opportunistic portfolio purchases as well as working capital cushion while collection curves ramped up.  The Solution: SG was able to quickly get comfortable with the transaction due to the value of dedicated portfolio collateral as well as a strong personal guaranty from the owner. SG worked quickly to...

Continue reading


The Day the Music Died in Special Assets

Jul
27
2020
2010 is the day the music died in special assets departments around the country. That’s the day that the Office of the Comptroller of the Currency (OCC) descended upon the big banks, especially special assets groups, and changed the rules by literally re-writing the playbook. What playbook you ask? Today each special assets group within banks with at least $50 billion in assets has an extremely specific policy manual that was re-written...

Continue reading


Innovation, Competition and Consolidation in the Non-Bank Small-Ticket ABL Space

Jul
14
2020
The sub-$10 million ABL facility space has long been a paradox.  Over the years, new capital providers have entered only to chase too few loans, while incumbent asset-based lenders shift and migrate strategy.  This creates a shortfall of good assets, and the cycle continues.  But it’s not always that easy.  Right now, we sit in what should soon be the start of a brand new cycle thanks to Covid-19. The past few years have been brutally...

Continue reading


Why do Small Community Banks Struggle with ABL?

Jul
8
2020
One unexpected result of COVID-19 is the reexamination of asset-based lending initiatives by community banks. Smaller (sub-$10 billion) community banks have been exiting or evaluating an exit from ABL before they really gave it a shot. It should be noted that most entered during a great economy in preparation for a downturn, yet many decided to reverse course during a downturn, which is the opposite of what should be expected. Why did...

Continue reading


Big banks’ best defense in a pandemic: A diversified strategy

May
14
2020
Combined arms is a warfare strategy used by the military which seeks to integrate complementary assets in a common mission to achieve decisive effects. It turns out a similar strategy is being used by big banks these days. On the front lines, a good military (bank) wins when it effectively combines complementary assets as most militaries (banks) are dealing with the same basic commodities — in this case, money. The bankers that win and...

Continue reading


The Empire is About to Strike Back: Non-Bank ABLs are Ready for Action

May
4
2020
In the 1980 movie, “The Empire Strikes Back,” the “dark side” (non-bank ABLs) forces mount an attack against Luke Skywalker to strike back. Much like in the movie, the “Empire” has been waiting to strike back against the banks (including bank-ABLs). In my most recent article, “Up in the Air,” I discussed the freezing of the ABL market due to the COVID-19 pandemic. COVID-19 provided the catalyst for a years-in-planning battle that is going...

Continue reading


Aftermath

Apr
28
2020
Aftermath means the consequences or aftereffects of a significant unpleasant event, like Covid-19. The financial system is going to experience this first-hand. No firm, whether it be bank or non-bank, will be left unscathed. The author is purposely writing this article now in order to predict that one of the many untold stories will be that the nation’s biggest banks were expecting the unexpected as it pertains to their middle-market...

Continue reading


SG Continues to Provide Structured Credit Solutions in Today’s Environment

Apr
14
2020
Today’s environment has led to delayed M&A transactions, delayed capital raises, and limited access to bank / senior lender credit, which has created liquidity needs for many lower middle market businesses across the country. While these businesses scramble to gain access to liquidity via existing lenders and the SBA (and other federal, state, and local programs), the timing and amount of that capital available remains unclear. While...

Continue reading


Up in the Air

Mar
30
2020
George Clooney starred in the financial crises era movie, “Up in the Air,” that we in the commercial finance industry are all about to live through with one big exception. The asset-based lending (ABL) industry was the sector of commercial lending that was supposed to be the “George Clooney” sent in to provide liquidity and a wake-up call, or at least preserve collateral positions during a crisis. However, it’s going to be up to the commercial...

Continue reading


SG Continues to Provide Capital Solutions in Today’s Environment, Closes $2MM Growth Capital Facility for SaaS Company

Mar
9
2020
The Company: Founder-owned commercial real estate software-as-a-service (“SaaS”) platform. The Financing Situation: The Company’s legacy business has matured to a stable level with long-term contracted customers. Through a majority-owned subsidiary, the Company is developing a complementary SaaS platform. The new platform is still in its early stages of deployment and needed growth capital to fine-tune software development and expand...

Continue reading


SGCP Logo

Copyright © 2020 SGCP. All rights reserved.

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 1-800-348-0232.