Super G Funding, LLC announces corporate name change to Super G Capital, LLC to reflect increased lending size, expanded deal team and push into the lower middle market. Super G Capital has transformed into the leading provider of second lien debt (known as “airball financing”) to the lower middle market. Super G Capital focuses on sub $5 million subordinated loans that are too small for BDCs and SBICs. Within the past year Super G Capital has invested significantly in people by enhancing its deal team with professionals joining from White Oak, Siena Lending and Medley.
“Our Cash Flow Lending division today has an average deal size in excess of $1.5 million with the majority of loans being subordinated debt,” says Darrin Ginsberg, CEO. “Increasingly Super G is the ‘go to’ provider of stretch piece or airball financing for asset based lenders and commercial banks. Super G has a unique niche whereby it often times acts as an extension of a senior lender to finance the risk that banks and ABLs cannot due to internal and regulatory restrictions. We modified our name to reflect our positioning and goal to be the market leader in second lien cash flow debt. We have a strong track record with approximately fifty deals closed within the past twenty four months.”
New team members include Steve Bellah, Director, formerly of GE Capital and Siena Lending, Eric Von Stafford, Director, formerly of White Oak and Goldman Sachs and Oren Moses, Associate, formerly of Medley. Coinciding with the new hires, Nick Seraydarian has been promoted to Vice President and Charlie Perer now leads all national originations efforts. “We have methodically built our team over the past two years to include top tier professionals from leading credit funds”, said Charlie Perer. Marc Cole has also expanded his role to now include Chief Credit Officer in addition to CFO.
Super G Capital is an alternative lender specializing in residual and cash flow loans. Super G’s 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. Super G Capital is a pioneer and market leader in residual and commission based loans to a variety of industries such as Merchant Services ISOs, ATM ISOs, Insurance Agents and Brokers, and Independent Software Vendors (ISVs). Super G’s second lien product is complementary to senior lenders and is structured to fund the financing gap or airball/stretch—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.
Super G lends up to $5 million per transaction in the form of a fully-amortizing cash flow term loan with a 6-36 month term (pricing contingent on credit profile). Super G is a small, but nimble team, highly responsive, and can close deals rapidly.