TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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January 16, 2024
Source: SG Credit Partners
CHICAGO (January 11, 2024) ––SG Credit Partners, through its Consumer Products division, is excited to partner with 4th & Heart, an emerging premium food brand. The brand is focused on disrupting the $5.6 billion butter category through its ghee products including sticks, jars and sprays. Their products can be found nationwide in major retailers like Whole Foods and Kroger as well as specialty stores like Citarella and Erewhon. The new senior debt investment will be used to support 4th & Heart’s manufacturing expansion, product awareness, and retail support. This announcement comes on the heels of 4th & Heart securing a $10 million growth equity investment.
“SG came highly recommended and has been the best partner for our growing business needs,” says Max Dichter, Chief Executive Officer of 4th & Heart. “We were looking for a flexible credit facility that could strategically partner and grow with us. The SG team was thoughtful in their approach and worked with us on the best path forward.”
Ghee, a type of clarified butter, is a versatile cooking oil with a high smoke point of 485 degrees, higher than traditional butter which has a smoke point of 350 degrees. It has long existed in South Asian cuisine but has recently gained popularity in North America because of its nutty, caramel-like flavor and believed health benefits relative to traditional butter. Ghee is made by distilling butter down to its purest form (also known as clarifying) to remove the water and lactose. Aside from being rich and delicious, 4th & Heart Ghee is a lactose-free alternative to butter and cooking oils.
4th & Heart offers a robust lineup of products including traditional jarred ghee, ghee cooking spray, and a newly innovated, first-of-their-kind ghee stick now found in the dairy aisle! All of 4th & Heart’s products are made from the finest butter sourced from grass-fed, pasture-raised New Zealand and Australian cows. Great for baking, searing, sauteing, or simply on toast or in coffee, 4th & Heart is an elevated take on basic butter.
“We are really impressed with 4th & Heart’s growth over the last few years and the ways their team is looking to expand,” says Spencer Brown, Managing Director of Originations at SG. “The newly innovated ghee sticks are showing clear growth, and we’re thrilled to join alongside by providing supportive, flexible financing.”
