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Harvest Capital Credit Corporation

450 Park Avenue 5th floor, New York, NY, 10022, United States

Overview

Harvest Capital Credit Corporation is a publicly traded Business Development Company (NASDAQ: HCAP) that provides customized financing to small and midsized businesses located throughout North America. Our products include senior secured debt, unitranche term loans, junior secured term loans, subordinated debt investments and minority equity co-investments. Our ability to invest in multiple layers of a company’s capital structure allows us to offer creative and flexible financing solutions. We seek to partner with owners and operators as well as private equity sponsors and other debt providers. Target Market We will consider both cash flow-based financings for companies with a history of consistent profitability and opportunistic asset-based transactions in situations where collateral coverage mitigates recent operational under-performance. Our origination appetite includes transactions initiated by private equity sponsors as well as non-sponsored deals for companies with revenues of $10 million to $100 million. We intend to directly originate transactions but will also consider syndicated or club transactions. Target Investment Investments usually take the form of subordinated debt, junior secured term loans, unitranche term loans and, to a lesser extent, senior secured term loans. We will also consider minority equity investments alongside a portfolio company’s ownership and/or private equity sponsor. We seek to make debt investments ranging in size from $2.0 million to $15.0 million, or larger amounts through our limited partner relationships, and equity co-investments of up to $1.0 million.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Business Development
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Investment portfolio

  • World Business Lenders

    Participated · Debt Financing · Oct 2013

    World Business Lenders is a NYC-based lender that provides short-term, flexible commercial loans and working capital to small businesses for needs such as temporary cash-flow gaps, equipment purchases, and time-sensitive inventory. The company is led by founder and CEO Doug Naidus. It secured $25m in combined financing, consisting of $20m in debt financing and a $5m equity round. The equity round included a $3.75m investment by Business Development Corporation of America (BDCA); BDCA also led the credit facility, which included participation from the company’s current lender, Harvest Capital Credit Corporation. The equity portion was raised from accredited investors. World Business Lenders recently began scaling its sales workforce and leased additional space at its Times Square headquarters and intends to use the financing to further expand its resources.

Team

No current team members are available.