CRITICAL ABL FINANCING
Redefining Solutions for time sensitive financing
SPEED AND AGILITY
Securing Critical Financing is a race against time
We recognize and unlock value other lenders overlook
Capital Solutions to Help Companies Grow and Prosper
Our model for asset based lending follows a passion for helping companies overcome challenges. We take a client-centric, non-traditional approach to lending.
Second Avenue Capital Partners is a Schottenstein affiliate, one of the most respected names in retail and consumer businesses. Our affiliation gives us an intimate understanding of the many challenges businesses face. We leverage the experience of retail operators and product merchants to provide an array of customized capital solutions.
Many companies have turned to Second Avenue Capital Partners as a vital resource for the capital necessary to recover, effectuate strategy, and achieve financial objectives. Our tailored financing solutions provide greater flexibility and liquidity than other capital providers.
SECOND AVENUE CAPITAL PARTNERS AND TIGER FINANCE PROVIDE $80 MILLION CREDIT FACILITY FOR CASPER SLEEP, INC.
BOSTON, MA – November 17, 2022 – Second Avenue Capital Partners, LLC and Tiger Finance announced the closing of an $80 million credit facility for Casper Sleep, Inc., the omnichannel retailer of innovative sleep products including mattresses, pillows and other sleep accessories. The new financing will be used to retire an existing credit facility and support the ongoing working capital needs of the business.
SECOND AVENUE CAPITAL PARTNERS PROVIDES A $17.5 MILLION SENIOR SECURED CREDIT FACILITY TO ALEX AND ANI
BOSTON, Massachusetts – August 24, 2022 – Second Avenue Capital Partners, LLC (SACP) announced the closing of a $17,500,000 senior secured credit facility for Alex and Ani, LLC, creators of the iconic charm bracelet and affordable meaning-based jewelry. The new credit facility will support ongoing working capital needs and allow the company to further develop business operations following a corporate restructuring.
BOSTON, Massachusetts – July 19, 2022 – Second Avenue Capital Partners (SACP), a lender specializing in asset-based loans for the broader retail and consumer products industry, announced Michael P. Russell has joined the firm as a Managing Director. Based in the Boston office, Michael’s responsibilities include origination, underwriting, and account/relationship management.
FASHION POWERHOUSE JESSICA SIMPSON PARTNERS WITH SCHOTTENSTEIN BACKED SECOND AVENUE CAPITAL PARTNERS
BOSTON, Massachusetts – May 18, 2022 – Second Avenue Capital Partners (SACP), the lending arm of SB360 Capital Partners (SB360), announced the closing of a $67.5 million term loan for The Jessica Simpson Collection, the $1 BILLION fashion empire and signature lifestyle brand inspired by and designed in collaboration with Jessica Simpson.
SACP recognized in ABF Journal’s inaugural 2022 Deals of the Year issue for $67.5 Million term loan to The Jessica Simpson Collection
The following is an excerpt from the ABF Journal Q4 2022 Deals of the Year issue, Vol 20, No 4
Second Avenue Capital Partners makes a habit of working with strong brands in the consumer retail space, including UNTUCKit and Sur La Table. So, when The Jessica Simpson Collection, the $1 billion lifestyle brand inspired by and designed in collaboration with Jessica Simpson, was in need of financing after Simpson and her mother and business partner, Tina Simpson, reacquired the entirety of the brand from Sequential Brands, SACP was an ideal lender.
“[The deal] complemented a lot of what’s already in our portfolio and it helps us continue to build that out,” Michael Sullivan, managing director of SACP, says. “I think the strength of this brand is really attractive; it’s something that’s on a great growth trajectory.”
In May, SACP, which is the lending arm of Schottenstein affiliate SB360 Capital Partners, closed a $67.5 million term loan for The Jessica Simpson Collection. The facility was structured as an intellectually property-driven term loan, with SACP configuring the deal around the company’s needs rather than driving for a specific predetermined outcome.
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