SG Credit Partners provided $2.5 million in working capital to a privately owned consumer debt collection agency.

The Financing Situation: The Company needed capital quickly to move on opportunistic portfolio purchases as well as working capital cushion while collection curves ramped up.

The Solution: 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 worked quickly to provides $1.5MM funded ($2.5MM total) facility in a first lien position with interest-only payment. Closing timeframe was one week.

This transaction highlights SG's ability to structure and underwrite collateral-based / guarantor based loans. While many of you know us as a cash flow based lender, we now provide special situation (balance sheet) loans requiring creativity, flexibility, and speed to close. We also have a strong interest in providing customized solutions for illiquid high net worth entrepreneurs.