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Super G Provides $2 Million Second Lien Growth Capital Loan to Food Service Franchisor
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 equity and traditional mezzanine capital was not an option due to the amount of financing needed and dilutive equity component.
The Solution
Super G was able to quickly get comfortable with the Company’s operating history, royalty revenue streams, and growth opportunities, underwriting and closing a $2,000,000 second lien loan in just a few weeks. Super G provided a structured solution with a custom repayment schedule in partnership with the Company’s senior lender, BMO Harris Bank.
About Us
Super G Funding is an alternative lender with over $100 mm in committed capital specializing in residual and cash flow loans. Our mission is to fill the credit void in the lower middle market by providing non-dilutive, senior and subordinated debt solutions to businesses in need of financing for working capital, growth capital, acquisition capital, or special situation financing. We lend up to $5 mm per transaction in the form of a fully-amortizing cash flow term loan with a 6-36 month term (pricing contingent on credit profile). We are a small, but nimble team and highly responsive. We have over 100+ borrowers around the country and are able to give quick responses and close deals rapidly.