Name | Value |
---|---|
Revenues | 43.0M |
Cost of Revenue | 37.6M |
Gross Profit | 5.4M |
Operating Expense | 11.6M |
Operating I/L | 31.4M |
Other Income/Expense | -17.8M |
Interest Income | 41.0M |
Pretax | 13.6M |
Income Tax Expense | 0.3M |
Net Income/Loss | 13.3M |
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.