Super G Funding Closes $1.1 Million Financing for Little Caesars Franchisee
Top ten Little Caesars franchisee with over 20 locations in 3 states.
The Financing Situation:
The Company had engaged Trinity Capital LLC, a Los Angeles-based boutique investment bank with expertise in food & beverage, to arrange a capex facility to fund new locations awarded by Little Caesars. During this process, an immediate capital need arose to retire maturing debt, corporate tax liens, and for short-term liquidity.
Super G was able to get comfortable with the Company’s financing situation because of the owner’s long operating history, number of operating locations, and strong relationship with Little Caesars corporate. Super G underwrote and funded a senior term loan within weeks, improving the Company’s balance sheet for the capex facility financing and providing sufficient liquidity for short-term working capital needs while Trinity Capital LLC continues its process. Super G’s ability to get comfortable with tax lien situations and move quickly allow us to be a unique solution.
Super G Funding is an alternative lender with over $100MM 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. We lend up to $5MM per transaction in the form of a fully-amortizing cash flow term loan with a 6-36 month term (pricing contingent on credit profile). We are a small, but nimble team and highly responsive. We have over 100+ borrowers around the country and are able to give quick responses and close deals rapidly.