SG Credit Partners provided a senior secured $3 million growth capital loan structured around recurring revenue, proforma cash flow and total leverage for a document scanning company.
The company’s existing lender provided a traditional asset-based line of credit based on eligible accounts receivable. This structure did not provide the company with the flexibility it needed to expand sales and marketing initiatives through its new channel partnerships. As a result, the company went to market to find a debt partner that could look for value beyond just assets and scale with it as it executed on its growth strategy.
