Discusses Short-Term Financing Fueling Growth for Small Caps
New York, NY — Bob Press was recently in the New York studios of Bloomberg Radio to discuss the lending niche TCA’s Global Credit Master Fund fills for companies on the “smaller end of the middle market.” The founding partner of TCA Fund Management Group also shared perspective on how companies with revenues between $10-40 million can use assets they already have as collateral for loans that enable growth and expansion.
Listen to the entire interview here.
“In the last 10-15 years, there has been tremendous increase in the number of lending options available to those looking for less than $1 million,” said Press. “Institutional players, including banks, become interested when the loan amount exceeds $5 million, but that middle area, between $1 and $5 million, is where we find companies that need short-term financing to get them to the next level.”
Press says the companies the fund focuses on aren’t specific to one particular industry. Loans, traditionally 12 months or less, are made to businesses in a growth mode that don’t have access to enough working capital to accomplish expansion goal and objectives.
TCA’s Global Credit Master Fund is a short duration, absolute return credit fund specializing in senior secured lending and advisory services to small, mainly listed companies predominately in the U.S., Canada, the United Kingdom, and Australia. This specialist business helps to fill the underserved small-cap lending gap which exists in these markets.
Know a great company that needs funding? Contact TCA at firstname.lastname@example.org or visit www.tcaglobalfund.com
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