SG Credit Partners provided a $2.5 million credit facility to a privately owned consumer debt collection agency.
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The company needed capital quickly to move on opportunistic portfolio purchases as well as working capital cushion while collection curves ramped up.
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SG was able to quickly get comfortable with the transaction due to the value of dedicated portfolio collateral as well as a strong personal guaranty from the owner. SG provided a $1.5 million funded ($2.5 million total) facility in a first lien position with interest-only payment. Closing timeframe was one week.
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SG now provides special situation (balance sheet) loans requiring creativity, flexibility, and speed to close. As well as an interest in providing customized solutions for illiquid high net worth entrepreneurs.
SG Credit Partners (formerly known as Super G Capital) provides $1 million to $10 million structured debt solutions to lower middle market businesses across the country in need of financing for working capital, growth capital, acquisition capital, or special situations.
