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Software + TechnologySeptember 15, 2020

SG Credit Partners Provides $2.5 Million to Enterprise SaaS Provider

The Company

Enterprise SaaS platform that provides a complete end-to-end suite of CRM tools to clean, protect and enhance company and contact information, leading to improved organizational efficiency, reliable business intelligence, and maximized ROI on CRM and marketing automation investments. Recurring Revenue: $8+ million.

The Financing Situation

The private equity backed Company was looking to buy out a significant shareholder and net additional working capital to make strategic hires and help fund growth initiatives. 

The Solution

SG Credit provided the Company with a non-dilutive $2.5 million term loan with structured amortization early in the term to free up cash flows and liquidity to fund growth initiatives. This structure allowed the Company to seamlessly buyout the existing shareholder without complicating existing shareholder dynamics. SG Credit was able to close the deal within 3 weeks after quickly getting comfortable with the Company’s recurring revenue, client base quality, and continued shareholder support. 

This transaction demonstrates SG’s ability to underwrite SaaS / recurring revenue loans. While many of you know us as a cash flow based lender, we now provide non-dilutive SaaS / recurring revenue loans requiring creativity, flexibility, and speed to close.