SG Credit Partners, through its commercial finance division, has provided an asset-based credit facility to Classic Concepts, a privately owned wholesaler of home furnishings. The revolving credit facility refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth initiatives.
“Partnering with a longstanding, family-owned companies is core to our mission at SG,” Charlie Perer, head of originations at SG Credit, said. “Classic Concepts offers a wide array of high-quality home furnishings through the nation’s top retailers. The company differentiates itself through its commitment to quality, authenticity and thoughtful design.”
Harpal Singh, founder and CEO of Classic Concepts, said, “We’re excited to partner with SG Credit Partners. This facility provides the liquidity and flexibility to invest ahead of demand, expanding our core collections, developing new lines and taking market share.”
