Super G Provides $2.5 Million Seasonal Working Capital Loan

Dec
13
2017

The Company:
Leading producer of perennials, annuals and tropical plants and one of the largest greenhouse operations in the United States.

The Financing Situation:
The Company needed additional working capital for its low season (fall – winter), when sales volumes are at their lowest and preparations for the spring high-volume period begin. The Company has an asset based lending facility in place for working capital, but AR & inventory levels often do not provide sufficient availability to cover production costs during the low season.

The Solution:
Super G was able to quickly get comfortable with the Company’s seasonality, inventory mix, and production risks which were mitigated by an experienced management team, strong historical financial performance, and collateral coverage. Super G worked in partnership with the Company’s senior lender, GemCap, to provide a second lien term loan with a payment schedule tailored to the Company’s seasonal cash flow – interest-only payments during the low season and amortizing payments during the busy season.

For more information on GemCap, please contact:
Richard Ellis
Co-President
rellis@gemcapsolutions.com
310-593-9073
www.gemcapsolutions.com


SGCP Logo

Copyright © 2019 SGCP. All rights reserved.

California loans are made pursuant to SG Credit Partners, Inc.'s California Department of Corporations Finance Lender License No. 60DBO-87290. Credit approval is subject to SG Credit Partners, Inc.'s credit standards, and actual terms (including actual loan amount) may vary by applicant. SG Credit Partners, Inc. requires certain supporting documentation with each new application. Complete disclosures of APR, fees, and payment terms are provided with each loan and are available from SG Credit Partners, Inc. at 23 Corporate Plaza, Suite 100, Newport Beach CA 92660, telephone 1-800-631-2423.