Single Track Financial

The firm sources transactions through regional and community banks, turnaround consultants, and industry-focused intermediaries who refer companies too small or complex for traditional bank underwriting. This relationship-driven origination network targets businesses with $10 million to $100 million in revenue that need structured credit solutions but lack access to the broadly syndicated loan market.

Single Track Financial underwrites to conservative advance rates against hard assets, accounts receivable, and enterprise value rather than relying on projected EBITDA multiples. Each facility is structured as a bilateral, privately negotiated term loan with an emphasis on collateral coverage, borrower alignment, and covenant protections that give the lender meaningful control in downside scenarios.

The firm appears to operate predominantly on a deal-by-deal or separately managed account basis rather than through a blind-pool commingled fund structure. This lets each capital partner evaluate individual credit exposures directly, an architecture that reduces fee layering and gives limited partners more transparency over portfolio construction compared to traditional drawdown funds.

The firm focuses on founder-owned and family-run businesses in the US lower middle market, typically those generating annual revenue between $10 million and $100 million. Target borrowers operate in manufacturing, field services, and niche distribution — sectors with definable asset bases and stable cash flows that support secured lending, but which often fall below the minimum deal size threshold of larger private credit managers.

No named principals for Single Track Financial are publicly confirmed through the firm's own disclosures or mainstream financial reporting. The entity operates without a visible public-facing leadership page, which is common among smaller private credit platforms that source capital through direct relationships rather than a broad institutional fundraising process.