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 email@example.com or visit www.tcaglobalfund.com
# # #
Forward Looking Statements
This information may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). TCA claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms “may,” “believes,” “projects,” “expects,” or “anticipates,” and do not reflect historical facts.
Specific forward-looking statements could be in reference/ implication, but not limited to/of: impact of the company’s expansion plan, and new business development success, future financial results, development and acquisition of new product lines, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The information contained herein does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product. Any such offer may only be made by means of delivery of an approved confidential offering memorandum and only in those jurisdictions where permitted by law.
There is no guarantee that the investment objectives of the Fund will be achieved. The performance representations contained herein are not representations that such performance will continue in the future. There may be sharp differences between prior performance results; such performance should not be construed as an indicator of future performance. Performance information and/or results, unless otherwise indicated, are un-audited and their appearance reflects the estimated returns net of all expenses, including the management and performance fees similar to those of the Fund.
The information contained herein does not take into account the particular investment objectives or financial circumstances of any specific person who may receive it. Before making an investment, prospective investors are advised to carefully review the offering memorandum with their advisers to determine whether investing in the Fund is suitable.
An investment in the Fund is speculative and involves a high degree of risk. Opportunities for withdrawal and transferability of interests can be restrictive. As a result, investors may not have access to capital except according to the terms of withdrawal specified within the confidential offering memorandum and other related documents.