Cash Flow Loans

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 complementary in nature to the senior lender as we are the subordinated capital
  • Onboard new clients if there is a shortfall in the borrowing base
  • Retain existing clients if there is a situational working capital or growth capital need

We Help Borrowers:

  • Transition from banks to ABLs
  • Finance situational working capital needs (ex. seasonality, upfront project costs, past due payable, etc.)
  • Grow with non-dilutive capital
  • Finance accretive acquisitions

Borrower Profile:

  • Revenue: $5mm – $100mm
  • Cash flow to support amortization
  • Private or Public
  • Industry Agnostic
  • Geography: United States

How We Structure:

  • Structure: Term Loan
  • Loan Size: $500,000 – $5,000,000
  • Term: 6 – 36 months
  • Amortization: full-amortization required
  • Staggered amortization can be provided based on cash flow
  • Minimal covenants
  • Security: Second lien on all assets behind senior lender

 

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 implementation costs associated with the contract. Factoring was not an option for the Company due to the milestone nature of the billing.

The Solution:

Super G was able to quickly get comfortable with the software business, the new contract structure, and management team to close a $750,000 loan to solve the Company’s working capital needs. Super G worked closely with the Company’s existing factor, Eagle Business Credit, to finalize an intercreditor agreement and fund the company in 2 weeks.

For more information on Eagle Business Credit, LLC, click here or contact:

Ian Varley

CEO

ivanvarley@eaglebusinesscredit.com