As published in the Commercial Finance Association Blog: https://commercialfinanceassociationblog.com/2017/03/02/the-lost-art-of-the-loan-purchase/ Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily executable and solidifies the new lender’s lien position immediately. It is not widely used for the obvious reason that most lenders prefer to use their own legal docs and to have...
The Company: Company provides lease crew services and equipment rentals to leading exploration and production companies in South and West Texas. The Financing Situation: The Company was seeking growth capital in addition to its existing asset based financing. The Company had equipment financing in place as well as a flexible factoring arrangement with FarWest Capital and could not unlock additional availability from its existing collateral....
The Company: Venture backed, subscription e-commerce brand. The Financing Situation: The Company is in growth mode, rolling out direct-to-consumer brands in addition to its subscription e-commerce business, and was seeking a non-dilutive solution as a bridge to a strategic sale or next equity round. The Company‘s management team wanted excess working capital cushion to remain focused on growth initiatives and maintain compliance with...
“Airball” defined – the portion of a loan that exceeds the amount supported by the underlying collateral and is dependent on support from the company’s cash flow or enterprise value. This is also referred to as a “financing gap.” Super G fills a void in the credit market by providing $500k – $5mm second lien cash flow term loans to finance the airball. We Help Senior Lenders: Our prodcut is...
Super G Provides $1,250,000 Seasonal Working Capital Loan to Education Software Provider The Company: Delivered in a SaaS model, the Company provides core educational programs (primarily math & science) for middle and high school students. The Financing Situation: The Company is a seasonal business from a selling and cash collection perspective as the Company’s customers (school districts) have specific buying patterns and the...
Link to article: http://www.abladvisor.com/articles/10121/second-lien-debt-opportunities-in-the-lower-middle-market Lower middle-market second lien debt fills a much needed capital void by providing a product that is subordinated to an ABL or senior cash flow loan and that is subject to an inter-creditor agreement and traditionally in the form of an amortizing loan with a term that ranges from 12 to 36 months. This lending product intersects...
The Company: Provider of nationwide parcel logistics services (transportation) and parcel shipping & management software. The Company’s services and software help customers manage an control their business, drastically improve delivery and lower transportation and postage cost. The Financing Situation: The Company’s software side of the business won a new large contract and needed upfront working capital to support the...
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...