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SG Credit Provides $5MM Senior Secured Cash Flow Term Loan to Mental and Behavioral Health Services Provider

August 04, 2021, 07:39 AM
Filed Under: Healthcare

SG Credit provides a $5 million senior secured cash flow term loan to a mental and behavioral health services provider.  The company is a family-office backed provider of mental and behavioral health services catering to Medicaid patients that was experiencing high growth due to a combination of strong demand and positive regulatory tailwinds. To capitalize on this growth, the Company sought a non-dilutive debt facility to fund expansion opportunities requiring hard upfront costs.

SG was able to underwrite the history of profitability, variable cost nature of the business, and positive growth trends. SG structured a $5.0 million credit facility to provide the Company with the immediate capital it needed to open new locations in its pipeline as well as a delayed draw component to scale with the Company.

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