SG Credit Partners provided a $2 million growth capital facility to a provider of B2B and B2C telephony-related security services.
The Company was seeking non-dilutive growth capital to execute on sales and marketing initiatives and have the ability to close quickly on accretive acquisitions.
SG was able to get comfortable with the transaction due to the Company’s consistent growth in MRR, strong retention metrics, profitability, and experienced management team. Within three weeks from signed term sheet, SG provided a $2MM growth capital facility with $1.5MM funded and an additional $500,000 tranche available based on continued growth.