SG Credit Partners provided $6.5 million to a venture-backed, cloud-based software platform primarily targeting outbound sales organizations.
 
The Company experienced significant year-over-year growth but the Company’s existing credit facility was maturing and the incumbent lender did not want to extend its maturity date. Additionally, the Company was seeking non-dilutive growth capital to execute on its sales pipeline and increase ARR to improve its valuation prior to raising additional equity.
 
SGCP was able to quickly get comfortable given the Company's rapid growth, contracted recurring revenue, enterprise customer base and strong management team to provide a $6.5 million senior secured credit facility with a customized structure and repayment schedule.
 
This transaction highlights SGCP’s ability to write larger checks as a result of its recent capital raise as well as our ability to provide a one-stop solution.