SG Credit Partners provided a $2.2 million senior secured facility with an interest-only period to a digital signage software-as-a-service platform.
The company had been bootstrapped with founders’ capital to date and was seeking a non-dilutive capital solution to continue to grow ARR and enterprise value prior to an institutional equity raise and to bridge to profitability.
SG Credit Partners is a national lender that provides $1 million to $10 million of situational capital to lower middle market businesses.
