Name | Value |
---|---|
Revenues | 11.4M |
Cost of Revenue | 12.5M |
Gross Profit | -1.1M |
Operating Expense | 2.3M |
Operating I/L | -3.4M |
Other Income/Expense | 0.0M |
Interest Income | 33.2M |
Pretax | -3.4M |
Income Tax Expense | 0.6M |
Net Income/Loss | -4.1M |
Saratoga Investment Corp. is a business development company specializing in providing financing for lower middle market companies. It offers debt and equity investments, including first and second lien loans, mezzanine debt, co-investments, high yield bonds, and preferred and common equity. The firm focuses on industries such as aerospace, automotive, business services, consumer products, education, healthcare, technology, and more. It primarily invests $5 million to $50 million in companies with EBITDA of $2 million or greater and revenues of $8 million to $250 million, often taking a majority stake. Saratoga Investment Corp. generates revenue through interest income, dividends, and capital gains from its investment portfolio.