Latest News

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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Tastes Great vs. Less Filling: ABL vs. ABL Light

Oct
26
2018
Link to article here. During the Great Recession in 2008 senior bank executives started to become keenly aware of portfolio risks associated with small business credits typically defined as facility sizes less than $20 million. These are the business banking clients throughout the country that are family or entrepreneur owned with no private equity backstop. The majority of these clients have traditional bank lines of credit with quarterly...

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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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The New Dawn of Portfolio Management

Aug
7
2018
Link to article here. Portfolio management has become the most dynamic position in the asset-based lending industry. It is also the most powerful position in ABL because it comes with the power of the red-button: liquidation. The complexity of this position went from the equivalent of a two-lane road to a six-lane highway in just a matter of years. The demands and responsibilities on portfolio managers have increased exponentially as...

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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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Super G Provides $3.3 Million Bridge Loan

Jun
27
2018
The Company: Privately owned portfolio of commercial and residential real estate. Total portfolio value: $300 million. The Financing Situation: Successful retail entrepreneur diversified his wealth into real estate. While the Company was in the process of selling several large commercial real estate properties in California for liquidity, there was a working capital need to cover operating costs until the transactions closed. The Solution: Super...

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Drawing the Battle Lines: ABL Lenders and BDCs Engage in Tug-of-War Over Unitranche Loans

May
30
2018
Link to article here The simplicity and speed required to put together a unitranche facility has made it a popular option for borrowers and lenders. However, the façade of the split-lien solution is beginning to crack as first and second lien lenders find themselves in a tug of war over intangibles. Charlie Perer explores the ways lien fighting is imploding a once beautiful friendship. The harmonious relationship between ABL firms (revolver...

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Super G Provides $1.25 Million EdTech Seasonal Working Capital Loan

May
10
2018
The Company: Provider of a SaaS based system that assists K-12 educators and administrators in managing, overseeing and enhancing their students’ engagement in digital learning environments. The Financing Situation: Due to the cyclical nature of education-based budgeting and spending in school districts, cash flow in the EdTech space is highly seasonal. Contracts are paid on an annual basis with the vast majority coming in during one...

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ABL Collision Course: Competing in the $10-20MM Deal Space

Apr
18
2018
Link to article here The past few years a battle has been taking place between the nation’s largest banks, regional banks and non-bank asset-based lenders (ABLs), all focused on $30-50 million ABL facilities. This competition has pitted the big banks vs. the regional banks and a new crop of non-bank ABLs that were formed to serve this market. At the same time, a new crop of non-bank ABL firms emerged to go after the $3-10 million ABL...

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Super G Provides Growth Capital to SaaS Company

Mar
28
2018
The Company: Sponsor-backed, cloud-based software platform primarily marketed to outbound sales organizations. The Financing Situation: The Company raised over $3MM in a Series A equity round and experienced significant growth over the prior three years. The Company needed growth capital to execute on its sales pipeline, but did not want to raise additional equity before its Series B round due to dilution concerns at the current valuation....

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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.