First Citizens Bank Provides a $100 Million Upsize for SG Credit Partners ABL Business
November 17, 2025
Source: First Citizens Bank
NEW YORK — Nov. 13, 2025 —First Citizens Bank today announced that the Specialty Finance unit of its Asset-Based Lending (ABL) business upsized by $100 million its existing warehouse line to SG Credit Partners’ asset-based lending businesses; SG Consumer Products and SG Commercial Finance. The latest financing brings the total facility size to $300 million.
"First Citizens is a well-known premier asset-based lender and they continue to work closely with us to understand our evolving needs and business goals," said Ryan Woody, co-head of asset-based lending at SG Credit Partners. "We appreciate their expertise and agility in providing this additional financing.”
"SG Credit Partners has a strong history of providing credit facilities to the branded consumer vertical, as well as other traditional ABL markets,” said Chris Esposito, managing director and group head for First Citizens’ Asset-Based Lending business. “We’re pleased to provide this latest financing and look forward to continuing to support SG as they grow and scale their business.”
First Citizens Asset-Based Lending business meets clients' working capital needs by offering innovative structures that reduce funding costs and lower operational risks while improving earnings by leveraging accounts receivable, inventory or fixed assets as collateral.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.
About SG Credit Partners
SG Credit Partners (“SGCP”), is a national private credit manager providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SGCP has established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products, and Commercial Finance. Headquartered in Southern California with offices throughout the country, the firm has provided in excess of $1 billion to lower middle market entrepreneurs across a variety of industries.
Name: Katie Ellis
Email: kellis@svb.com
