Steve Champlin
Founder of Select Capital | Specialty Finance for Business | Private Credit and Non-Bank Lending
- Role
- Select Capital President at Select Capital
- Location
- South Bend, IN, US
- LinkedIn followers
- 500 followers
About Steve Champlin
I help mid-market businesses ($1M–$50M in annual revenue) access the growth capital they…
Experience
Select Capital President
Jan 2023 — Present · South Bend, IN, US
Select Capital was started in response to a need in the Midwest market. When banks are unable to provide the right funding at the right time, PRIVATE CREDIT can be the best solution. Private Credit is simply defined as a lender that is not a bank. These lenders have no depository services or branches, they just provide capital to private companies. Private debt is also not regulated like banks and can make decisions much faster than credit unions or community banks. Private Credit is used by businesses and developers when the traditional bank market can not underwrite. This industry has grown from $1 Trillion in 2020 to $1.5 Trillion in 2024 and is forecasted to grow to $2.8 million by 2028 - just in the United States. For business owners and developers, the are advantages of private credit to business owners are: short time to close, higher leverage, flexible terms.While banks are more generalist lenders, Private Credit / Debt funds have an expertise in a specific type of industry and can take on a bit more risk because they just understand it better than banks do. Example uses are: Asset Based Lending, Bridge Loans, Unsecured Lines of Credit, Commercial Mortgages on Hotels and Offices.2025 Fundings Include:• $1.5 million Unsecured Term Loan - Contractor• Line of Credit - Manufacturer• Commercial Mortgage - Distributor• Commercial Mortgage - DistributorWe like to partner with bankers looking for a solution that does not fit the banks credit box. Scenarios range anywhere from explosive growth where the bank or credit union has reached their limit and are in need of unsecured subdebt to workouts, distressed situations and turndowns.
Education
University of Arizona
BS, Physics and Astronomy
1988 — 1992
Case Western Reserve University
MS, Systems Engineering
1992 — 1994
University of Notre Dame - Mendoza College of Business
MBA
2004 — 2006
Skills
- Mergers
- Manufacturing
- Energy
- Management
- Private Equity
- Business Development
- Business Planning
- Entrepreneurship
- Executive Management
- Management Consulting
- Strategic Planning
- Start-Ups
- Team Building
- Strategy
- Mergers
- Business Strategy
- New Business Development
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