FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Super G Provides $2 Million Second Lien Loan to Franchisor

July 07, 2016, 07:41 AM
Filed Under: Franchisor

Super G Funding announced it provided a $2 million second lien growth capital loan to a publicly traded franchisor and licensor of take-and-go food products distributed through traditional and non-traditional food service outlets.

The company was seeking growth capital to develop a new food service concept that would serve as a showcase for new franchisees and generate 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.

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 million 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.       

Super G Funding is an alternative lender with over $100 mm in committed capital specializing in residual and cash flow loans.  The 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.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.