Debt Strategies
A combination of tight credit and stringent lending criteria has created a large, underserved segment of the debt market that does not have access to capital from traditional lending sources. This has resulted in a decline in lending to businesses and entrepreneurs in the lower middle-market (defined as companies with annual revenues up to $100 million).
Over the five-year period from 2017 to 2021, approximately $435 billion of U.S. lower middle-market debt will mature, with much of it needing to be refinanced. The combination of this “wall of maturity,” new financing that will be required by lower middle-market businesses, and many traditional lenders pulling out of the space have and will continue to create an environment in which lenders to lower middle-market companies have tremendous opportunity. Unlike traditional high-yield debt and syndicated loans, which tend to be highly standardized with little room for negotiation, lower middle-market lenders can structure loans tailored to the needs of individual companies. SPG Capital targets this underserved market by making secured loans to small and medium-sized businesses primarily located in North America.
What are the advantages of invisible alignment?
Corrected bite and straighter smile
Improved comfort over traditional braces
Natural tooth appearance
More convenient oral hygiene maintenance
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