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SG Credit Announces the Launch of SG Commercial Finance and Hiring of John Nooney And Mark Pickering
June 13, 2024
By SG Credit Partners
Pictured: John Nooney and Mark Pickering
Newport Beach, CA (June 13, 2024) – SG Credit Partners today announced the launch of SG Commercial Finance (“SG CF”) and the hiring of career ABL executives John Nooney and Mark Pickering to lead the group. SG Commercial Finance is a new vertical under the SG umbrella formed to originate and manage both asset-based revolving loans as well as asset-backed and cash flow term loans from $5 million to $20+ million in commitment size to companies in a variety of industries. SG CF’s point of difference is the ability to provide both revolvers and/or term loan structures that can be applied stand-alone or in combination with each other. This new division is in addition to SG’s existing Software + Technology and Consumer Products divisions.
“Traditional asset-based lending is the foundation of the group, but it is complemented by a suite of term products including asset-backed term loans, guarantor-based term loans and first and second lien cash flow term loans that can be delivered independently or in conjunction with an asset-based loan. The goal is to provide clients with more products to choose from unlike most single-product lenders”, said John Nooney, Managing Director and Co-Head of SG CF.
“The addition of SG CF to the SG Credit platform creates the leading lower middle market credit platform with both industry expertise and full product coverage. SG Commercial Finance’s strategy is to bring large-ticket ABL and asset-backed sophistication to the lower middle-market”, said Marc Cole, CEO of SG Credit Partners.
“There is a significant market opportunity to address the gap in the lower end of the credit market, stemming from industry consolidation. SG CF stands apart by its ability to solve for complexity, need for multiple products delivered together and special situations where its capital and sophistication are unmatched”, said Charlie Perer, Head of Originations for SG Credit.
About SG Credit Partners, Inc.
SG Credit Partners is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. We’ve established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products and Commercial Finance.
Headquartered in Southern California with offices throughout the country, SG has provided in excess of $1 billion in commitments to lower middle market entrepreneurs across a variety of industries. For more information, visit www.sgcreditpartners.com.
Newport Beach Office:
Marc Cole
CEO
500 Newport Center Drive, Suite 580
Newport Beach, CA 92660
Ph: 949-734-7486
marc@sgcreditpartners.com
Atlanta Office:
John Nooney
MD & Co-Head of Commercial Finance
900 Circle 75 Parkway, Suite 1175
Atlanta, GA 30339
Ph: 404-484-6949
john@sgcreditpartners.com