Quiq Capital

Quiq Capital closed a $1M senior secured term loan for a NJ-based landscaping firm. The funding retires high-interest debt and provides working capital to fuel higher-margin commercial growth. Secured by $1.5M in assets and a personal guaranty. #PrivateCredit #DirectLending

Quiq Capital closed a $625k mezzanine loan for a Chicago multifamily asset acquisition. proceeds fund a portion of the sponsor's equity. Repayment: Planned agency refinance. Security: 100% equity pledge & full recourse. #PrivateCredit #ChicagoRE #MezzanineFinance

AI can write code, but it can’t fix a transformer or provide home care. Anthropic shows 75% AI exposure for knowledge workers, yet the "physical economy" remains resilient. At Quiq Capital, we’re backing what AI can't automate. Read: anthropic.com/research/labor… #AI #FutureOfWork

Quiq Capital is proud to announce the closing of a $750,000 senior secured line of credit to support the acquisition and rehab of single-family rentals across the Midwest. We are excited to fuel this portfolio's growth and provide essential housing solutions. #PrivateCredit

Quiq Capital is proud to announce a $1,000,000 senior secured term loan. We helped our clients retire nearly $1M in high-cost MCA debt, freeing up essential liquidity to fuel their $14M pipeline of contracted work. #PrivateDebt #AssetBasedLending #ConstructionFinance

Quiq just finalized a $200,000 interest-only bridge loan to transform a vacant lot into a single-family home! The deal is secured by a 3-bedroom property featuring a cell tower for consistent rental income. Smart collateral, smarter growth. #RealEstateFinance #BridgeLoans

Quiq closed a $1.8M senior secured bridge loan to refinance high cost short term debt and fund working capital tied to a contracted backlog. The borrower repaid the loan in two months after securing larger financing. #PrivateCredit

Quiq Capital has closed a $750,000 senior secured loan supporting the majority acquisition of an established dental practice in Pittsburgh. Proceeds fund the purchase and working capital for a smooth transition and growth. #PrivateCredit #HealthcareFinance #DentalPractice

Quiq Capital is proud to announce the closing of a $750k senior secured term loan! The loan supports the acquisition and DTC relaunch of a top-selling Amazon portable playpen brand, backed by $1M in inventory and sponsor guarantees. #PrivateCredit #DTC #Ecommerce #Financing

Quiq Capital just closed a $750,000 credit facility for a North American commission-advance platform! This funding fuels growth and liquidity for real estate agents across the U.S. & Canada. 📈 #QuiqCapital #PrivateCredit #PropTech #Fintech #RealEstate #Growth

Quiq Capital is proud to announce a $500,000 senior secured term loan to a leading tech-enabled management consulting firm. Proceeds will fuel debt refinancing, team expansion, and strategic growth. #QuiqCapital #ManagementConsulting #BusinessGrowth #Refinancing

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.