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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...

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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...

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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...

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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...

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SG Credit Partners Provides $3MM ARR Borrowing Base Growth Capital Facility

Feb
28
2020
The Company:  Founder-owned AI software subscription and services company providing a management platform for microservice-based enterprise applications.  Services Revenue: $10MM | SaaS Revenue: $3MM. The Financing Situation:  The Company had successfully grown their annual recurring revenue (ARR) base from $2MM to $3MM over the course of 12 months with no outside investment. In order to raise an equity round at a high valuation, they...

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SG Credit Partners Provides $1.5 Million Second Lien Loan to Managed Service Provider

Feb
25
2020
The Company: Founder-owned managed service provider offering leading SD-WAN and edge solutions to businesses around the world. The Financing Situation: The Company demonstrated significant year-over-year growth and had recently signed several large, multi-year contracts with new customers. The Company needed upfront working capital to invest in additional people costs in order to effectively perform on upcoming contracts. Additionally,...

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SG Credit Provides $2.0 Million to Enterprise SaaS Company

Feb
11
2020
The Company: Enterprise SaaS platform that enables companies to prepare and oversee RFPs and other business responses with speed, accuracy, and compliance. Recurring Revenue: $4.5MM. The Financing Situation: The private equity backed Company was emerging from an operational restructuring and planned to rebuild its tech platform to increase functionality, improve UX, and drive sales. The Company’s existing bank lender was not willing...

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The Most Thankless Job in ABL: National Sales Manager

Feb
6
2020
Sales Managers in asset-based lending (ABL) have the most thankless job – part sales, part psychology, heavy administration, always on the go covering markets and trying to meet ever-increasing quotas. Talk to any National or Regional Sales Manager and they will tell you what it’s like trying to a hire a team – let alone an all-star team – train them, achieve quotas, deal with human resource issues and battle credit. All the while, you...

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SG Credit Partners Provides $4.0 Million to Midwestern Mechanical Contractor

Jan
28
2020
The Company: Full-service mechanical contractor located in the Midwest that provides HVAC, plumbing/piping, and other mechanical services to the commercial and industrial/manufacturing sectors. Revenue: $90 MM | EBITDA: $5 MM. The Financing Situation: The Company recently raised capital from a private equity sponsor that has invested in several construction services businesses.  The new ownership group wanted to refinance its existing...

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Executive’s Corner: Interview with Greg Carasik, Executive Director of Capital Finance at UMB Bank

Jan
14
2020
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 Greg Carasik, Executive Director of Capital Finance at UMB Bank, to understand his views on leadership, transforming UMB’s ABL group (formerly Marquette Business Credit), portfolio management and competitive environment, among other things. Charlie Perer: Thank you for your time Greg....

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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.