Super G Funding announced it has provided $900,000 in capital to finance the acquisition of a New York insurance agency with significant commission and predicable renewal income that specializes in commercial insurance policies.

The acquirer was not able to able to seek a bank loan as it was competing against a larger “all cash” buyer and needed to find a lender that could quickly approve them for a loan. Traditional senior lenders and equity investors were not viable options since both would have taken too long and equity would have been dilutive. Super G was able to quickly get comfortable with the Acquirer’s business model, commission and renewal income, and growth plans to finance a substantial part of the acquisition. Super G approved and funded the loan in just a few weeks, providing $900,000 in capital to complete the accretive acquisition.

Super G understands how to lend against commission and renewal income businesses and recently created an insurance product to finance agency acquisitions and growth initiatives such as hiring new salespeople. Terms are more flexible with the ability to provide up to a 48-month term given the predictable nature of renewal income. Referrals are welcome and please feel free to contact us for an intro to a Super G team member who can assist with evaluating an insurance agency loan.

Super G Funding is an alternative lender with over $100 million in committed capital specializing in residual and cash flow loans.  Our 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.  The firm lends 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).