What Second Avenue Capital Partners does

Second Avenue Capital Partners (SACP) is a private specialty finance firm founded in 2018 as a Schottenstein affiliate under SB360 Holdings, headquartered in Needham, Massachusetts with additional offices in Garden City (NY), Columbus (OH), and Los Angeles. The firm provides asset-based loans and structured financing solutions — including revolving credit facilities, FILO (First In, Last Out) advances, machinery and equipment term loans, DIP and emergence financing, and M&A financing — exclusively to middle-market companies seeking transactions in the $5 million to $35 million range, with the ability to anchor larger syndicated facilities (up to $700 million as of October 2025). All loans are senior secured with first lien security interest, collateralized against inventory, accounts receivable, machinery and equipment, real estate, and consumer brands.

SACP's product portfolio spans Asset-Based Lending, Working Capital Financing, Emerging Growth Financing, Recapitalization Financing, Seasonal and Opportunistic Financing, Turnaround Financing, Debtor-in-Possession and Emergence Financing, and Mergers & Acquisitions Financing. The firm's core differentiator is its "merchant perspective" — applying retail-operator and product-merchant experience inherited from Schottenstein affiliates to underwrite collateral that formula-driven lenders typically undervalue. SACP serves as Administrative Agent, Collateral Agent, Sole Arranger, and Lender on its transactions, and has built co-lender relationships with Ares Management, TCW Private Credit, Sagard Credit, Alpha Wave Global, and Huntington Business Credit.

The business operates through direct origination by an in-house Head of Originations and Corporate Growth team, supplemented by deal flow from SB360 Capital Partners and the broader Schottenstein network. Revenue is generated through interest income on loans plus origination, structuring, and administrative agent fees. The customer base spans apparel, footwear, home goods, outdoor recreation, equestrian, off-price retail, and — most recently — industrial automotive suppliers, with named borrowers including Gabe's, The Aaron's Company, Backcountry, Allbirds, Tommy John, True Religion, Mirai Casting Group, and others. SACP has been repeatedly recognized in ABF Journal Deals of the Year and Power Players editions, and won the M&A Advisor Chapter 11 Reorganization of the Year (2021) and Emerging Leaders Award (2026).

Name

Second Avenue Capital Partners

Legal name

Second Avenue Capital Partners, LLC

Website

https://sacp.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Second Avenue Capital Partners (SACP) is a Schottenstein-affiliated asset-based lender founded in 2018, providing senior secured loans, FILO advances, and DIP financing to middle-market retail, consumer products, and industrial companies in the $5M–$35M range.

Ownership category

akta.pro rank

Product category

Asset-Based Lending

NAICS

Other Nondepository Credit Intermediation (52229), Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Middle-Market Lending (FSANADAI)

akta.pro secondary industries

Private Credit / Direct Lending (FSAAAHAG), Senior Secured Direct Lending (FSANADAA)

Keywords

• Asset-based lending
• Middle-market financing
• Revolving credit facilities
• Specialty finance
• Senior secured loans

Headquarters

HQ city

Great Neck

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Asset-Based Lending: SACP provides asset-based loans including revolving credit facilities, FILO advances, and term loans. Revenue is generated through interest income and fees on loans to middle-market companies in retail, consumer products, and industrial sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Second Avenue Capital Partners (SACP) provides asset-based loans and structured financing solutions to middle-market companies in the retail, consumer products, wholesale, and industrial sectors. Offerings include senior secured revolving credit facilities, FILO (First In, Last Out) advances, term loans, working capital financing, recapitalization, turnaround, DIP/emergence, and M&A financing, typically sized $5 million to $35 million.

Product overview

Second Avenue Capital Partners (SACP) is a Schottenstein affiliate specializing in asset-based lending for the broader retail and consumer products industry. The firm serves middle-market companies with a unified platform of customized capital solutions, all structured as senior secured loans with first lien security interest or FILO advances. Their core product portfolio includes Asset-Based Lending (ABL), Working Capital Financing, Emerging Growth Financing, Recapitalization Financing, Seasonal and Opportunistic Financing, Turnaround Financing, Debtor-in-Possession (DIP) and Emergence Financing, and Mergers & Acquisitions Financing. The firm's differentiation stems from its merchant perspective—leveraging experience from retail operators and product merchants—which allows them to recognize and unlock value in assets other capital providers often overlook or do not understand.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset-Based Lending (ABL) Senior secured loans with first lien security interest or FILO (First In, Last Out) advances provided to middle-market companies in retail, consumer products, and industrial sectors, secured by collateral such as inventory, accounts receivable, machinery and equipment, real estate, and consumer brands.
• Working Capital Financing Revolving credit facilities funding day-to-day operational cash flow and liquidity requirements for middle-market borrowers in retail and consumer products.
• Emerging Growth Financing Capital solutions for growing middle-market companies with urgent capital needs and complex challenges, including new market opportunities.
• Recapitalization Financing Financing solutions for restructuring existing debt and optimizing capital structures to help borrowers achieve financial objectives.
• Seasonal and Opportunistic Financing Flexible capital solutions to address cyclical business needs and time-sensitive market opportunities for retail and consumer products borrowers.
• Turnaround Financing Financing for distressed or underperforming companies seeking to recover and effectuate strategy, delivered through creative structures tailored to stressed environments.
• Debtor-in-Possession (DIP) and Emergence Financing Specialized financing for companies undergoing Chapter 11 bankruptcy proceedings, providing supportive capital during restructuring.
• Mergers & Acquisitions Financing Financing solutions supporting acquisition transactions, including leveraged buyouts and strategic acquisitions, often combining debt and equity solutions.

Quantifiable outcome

• Ability to close transactions matching Valore Holdings' pace and precision for complex multi-national corporate carve-outs

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• SB360 Capital PartnerscoreStrategic or Co-development Partner · 7 January 2025Schottenstein Affiliate and one of North America's leading advisory and retail investment firms. SB360 made equity investment as strategic partner in True Religion acquisition alongside ACON. SACP's affiliate SB360 supports deals and amplifies extended sector capabilities, particularly in Wholesale & Industrial Division.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SLR Business Credit: SLR Business Credit is a middle-market asset-based lender that provides senior secured revolving and term loan facilities, directly competing with SACP for similar borrower profiles and transaction sizes.
• Gordon Brothers: Gordon Brothers provides asset-based lending, valuation, and retail disposition services with deep retail and consumer products expertise, closely aligned with SACP's retail-specialist origination approach.
• Crystal Financial: Crystal Financial, a division of First Eagle Alternative Credit, provides senior secured asset-based loans to middle-market companies, often serving as a syndicate partner or competitor to SACP.
• White Oak Commercial Finance: White Oak Commercial Finance provides asset-based revolving credit and term loan facilities to middle-market U.S. businesses, including retail and consumer products borrowers, putting it in direct competition with SACP.
• Republic Business Credit: Republic Business Credit is a middle-market ABL provider focused on revolving credit facilities and term loans for growing companies, overlapping with SACP's middle-market transaction range and product offerings.
• Wingspire Capital: Wingspire Capital provides senior secured asset-based loans and working capital facilities to middle-market companies across retail, consumer, and industrial end markets, directly comparable in scale and product.
• Encina Business Credit: Encina Business Credit is a direct middle-market ABL provider offering revolving credit, term loans, and FILO structures to sponsor-backed and non-sponsor borrowers, closely mirroring SACP's product set and target market.
• Hilco Commercial Finance: Hilco Commercial Finance is a middle-market ABL platform offering revolving credit and term loan products, frequently serving retail, consumer, and industrial borrowers with similar transaction sizes to SACP.

Broad incumbents

• Huntington Business Credit: Huntington Business Credit is a bank-affiliated ABL group that has served as Administrative Agent on SACP's $700M syndicated credit facility, positioning it as both a capital partner and a competitor in middle-market ABL.
• Ares Management Credit: Ares Management is a major alternative credit manager with a deep direct lending and asset-based finance platform; it has co-invested with SACP on Gabe's and Backcountry, demonstrating overlap in deal flow and product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments15 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Second Avenue Capital Partners