SG Credit Partners provided a senior secured $2 million growth capital loan facility to a founder-owned commercial real estate software-as-a-service (SaaS) company.
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 marketing initiatives.
SG Credit Partners provided the facility within 10 days of receiving a signed term sheet.
SG Credit Partners (formerly known as Super G Capital) provides $1 million to $10 million structured debt solutions to lower middle market businesses in need of financing for working capital, growth capital, acquisition capital or special situations.