Intrepid Announces Growth Capital Raise for Solid Commerce with partners Montage Capital and SaaS Funding, a division of Super G Funding
Intrepid is pleased to announce the completion of a growth capital raise for its client, Solid Commerce, a leading player in the Software-as-a-Service (SaaS) eCommerce space. With the support of its new partners, Silicon Valley-based Montage Capital and Silicon Beach-based SaaS Funding, both of whom are minimally dilutive providers of growth capital to technology businesses, Solid Commerce will accelerate the implementation of...
The Company: A publicly traded franchisor and licensor of take-and-go food products distributed through traditional and non-traditional food service outlets. The Financing Situation: The Company was seeking growth capital in the amount of $2,000,000 to develop a new food service concept that would serve as a showcase for new franchisees and an additional revenue stream. The Company preferred a non-dilutive debt structure over raising...
Published in ABF Journal: http://www.abfjournal-digital.com/abfjournal/may_jun_2016?sub_id=qYk3XPFYRCut&folio=36&pg=45#pg45 As credit tightens, middle market companies are being squeezed from all sides. Lenders offering short-term second lien or stretch loans can work with ABL lenders to help these companies stay liquid. Asset-based lending in the middle market conjures up images of hand-to-hand combat between borrowers constantly...
The Company: A leading provider of IT consulting and cloud collaboration solutions to the government, Fortune 500 companies, and medium size businesses. The Financing Situation: The Company engaged an investment bank to raise institutional mezzanine capital to finance its next phase of growth. During this process the Company had a short-term working capital need to fulfill a backlog of new service contracts and to stay current with existing...
The Company: A sponsor-backed company that formulates and distributes impression fragrances. The Financing Situation: The Company recently transitioned from a commercial bank lender to an asset based lender, Bibby Financial Services. The Company required a seasonal-over-advance to build inventory and maintain vendor relationships in order to fulfill anticipated sales order growth for the holiday season. The Solution: Super G was able...
Published in ABL Advisor: http://www.abladvisor.com/blogs/8704/financing-the-bank-to-abl-transaction Asset-based lenders have become the bedrock debt capital partner for any business’s rise to bankability. The product is high touch and requires daily/weekly service and responsiveness from the ABL capital provider given the fluid nature of many of their clients. ABLs are focused on serving clients given the underwriting, servicing...
Super G Funding Closes $1.1 million 2nd Lien Loan to Complement Marquette’s Credit Facility to Niche Manufacturer
The Company: A sponsor-backed company which engineers, manufactures, and sources customized user-interface and product identification components for customers in the medical, aerospace, industrial, and consumer industries. The Financing Situation: The Company was in the process of transitioning from its commercial bank lender to an asset based lender, Marquette Business Credit, and Super G helped complete the financing structure. The...
The Company: A fully-integrated digital media content company. The Financing Situation: The Company was in the process of raising venture capital to fund strategic acquisitions and other long-term growth initiatives. During this process, the Company needed additional working capital to fund operations in order to maintain its growth trajectory. The Solution: Super G was able to quickly get comfortable with the Company’s value proposition,...
The Company: Top ten Little Caesars franchisee with over 20 locations in 3 states. The Financing Situation: The Company had engaged Trinity Capital LLC, a Los Angeles-based boutique investment bank with expertise in food & beverage, to arrange a capex facility to fund new locations awarded by Little Caesars. During this process, an immediate capital need arose to retire maturing debt, corporate tax liens, and for short-term liquidity. The...
The Company: A family owned and operated waste management company providing solid waste hauling and recycling services to residential and commercial customers throughout Southern California. The Financing Situation: The Company was awarded an exclusive license to service a highly sought after municipality and needed immediate financing to fund upfront working capital. At the same time, the Company was in technical default with its senior...