A combination of tight credit and stringent lending criteria has created a sizeable, underserved segment of the market that does not have access to growth capital from traditional sources. As a result, businesses and real estate projects that may require smaller loans are being overlooked in favor of larger deals. This has created a decline in lending for the lower middle-market, and as such, we expect to target these entrepreneurs by offering senior secured loans to small and medium-sized North American businesses.
- Posted by wenyu kuang
- On January 18, 2018
Proceeds from Senior Secured Convertible Note Will Provide Emmaus with Capital to Launch its...