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SG Credit Partners Closes $2MM Growth Capital Facility for SaaS Company

March 25, 2020, 09:00 AM
Filed Under: Software

SG Credit Partners closed on $2 million in growth capital for a founder-owned commercial real estate software-as-a-service (“SaaS”) platform.

The Company’s legacy business has matured to a stable level with long-term contracted customers. Through a majority-owned subsidiary, the Company is developing a complementary SaaS platform. The new platform is still in its early stages of deployment and needed growth capital to fine-tune software development and expand marketing initiatives.

Despite the current market conditions, SG was able to get comfortable with the contracted recurring revenue of the legacy business, its mission critical software, and the counter cyclicality of the platform. SG worked quickly to provide a senior secured $2 million growth capital loan facility within 10 days of receiving a signed term sheet.

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