Investment Criteria
At Harvest Capital Credit Corporation, we are focused on providing customized financing solutions. Our flexibility allows us to invest in multiple layers of a company’s capital structure, from senior secured debt to subordinated debt and minority equity capital.
An ideal financing candidate for Harvest Capital Credit has the following characteristics:
- Is an established, U.S.-based company.
- Maintains significant market share in a defensible industry niche.
- Has sound historical financial performance with industry appropriate margins.
- Has low risk of technological and/or product obsolescence.
- Maintains a diversified customer and supplier base.
- Has a solid and proven management team with aligned incentives.
- Generates minimum EBITDA of $1,500,000.
- Has a financing need of at least $2,000,000.
- Revenues between $10M – $100M
- At least $1.5M of annual EBITDA
- North America-based companies
- Sponsored and non-sponsored transactions
- Industry generalists
- First lien loans
- Second lien loans
- Uni-tranche loans
- Subordinated debt
- Equity co-investment
- Leveraged buyouts
- Add-on acquisitions
- Recapitalizations
- Growth financings
- Debt refinancings
- Target loan size of $2.0M – $15.0M
- Target equity size of $250K – $1.0M
- Cash flow and asset based transactions
- Directly originated transactions
- Syndicated or club transactions