Super G Funding announced it has closed a $1.1 million second lien loan to complement a credit facility provided on Marquette Business Credit to a niche manufacturer. The company is a sponsor-backed company which engineers, manufactures, and sources customized user-interface and product identification components for customers in the medical, aerospace, industrial, and consumer industries.
The ompany was in the process of transitioning from its commercial bank lender to an asset-based lender, Marquette Business Credit, and Super G helped complete the financing structure.
Super G was able to get comfortable with the company’s continued improvements, growth strategy and senior management team. Underwriting and approval process of the second lien loan took place quickly allowing Marquette to present a comprehensive solution to its credit committee. Super G’s flexible structured solution, covenant light loan documents, and rapid decision making allowed for an efficient and seamless closing.
Super G Funding is an alternative lender with over $100 million in committed capital specializing in residual and cash flow loans. Its 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.