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Latest News


Jan
25
2018
The Company: Private equity backed, outsourced pharmaceutical service provider conducting clinical research. TTM Revenue: $17mm |TTM EBITDA: $1mm The Financing Situation: The Company had a cash flow based term loan with its bank and was in technical default.  Given the combination of lender fatigue, lumpy sales & cash collections due to the timing of contracts, and high monthly payments...
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Jan
25
2018
As many MSPs / VARs strive to grow their business, evolving from a small to a midsize company often requires capital.  MSPs / VARs need capital for acquisitions, geographic expansion, infrastructure, personnel, or to bridge the gap between paying for goods and services, and the time they actually receive payment from their customers. Regardless if your company is in its early or late stage, it wi...
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Jan
11
2018
The Company: Sponsor-backed provider of employee healthcare management services. TTM Revenue: $35mm |  TTM EBITDA: $5.6mm The Financing Situation: The Company was seeking additional working capital for (i) seasonality around Q4 employee enrollment, (ii) cushion to continue growth and run an M&A process, and (iii) minimum liquidity to stay in compliance with bank covenants.  The Company...
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Sep
27
2017
The Company: Wine producer and distributor operating in a state of the art, custom winemaking facility. The Financing Situation: In the early stages of a capital raise, the Company was seeking additional working capital to create availability on its line of credit and fund growth initiatives. The Company’s asset based lender, Ares Commercial Finance (“Ares”), which is not affiliated wit...
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Aug
21
2017
Click here for link to article. Glowpoint, Inc., a managed service provider of video collaboration and network applications, announced that on July 31, 2017, the company completed a recapitalization of its existing debt obligations with support from Western Alliance Bank and Super G. The new financing eliminated $9,362,000 of debt and accrued interest obligations and reduced the Company’s out...
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Jun
29
2017
The Company: Designs, manufactures, and supports NextGen compliant avionics systems that improve the safety, efficiency, and affordability of flying. The Financing Situation: The Company was seeking to refinance its existing senior credit facility and move on to a new lending relationship to better support the strategic initiatives of the Company. The existing credit facility was based on ent...
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Jun
22
2017
Link to article here. The MCA/small business loan ("MCA") product was never intended to encroach upon factors' turf, but did so as a byproduct of an abundance of entrepreneurs and institutional capital coming into a sector with no-to-low barriers to entry. The fact that there now exists a securitization market and significant investor demand to purchase in bulk indicates not only the industry p...
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May
24
2017
The Company: Software as a service platform that provides data management solutions to insurance agencies, government agencies, hospitals and other healthcare organizations. The Company’s service offering includes enrollment and network management, medical credential verification, continuous monitoring of provider data, and claims screening. The Financing Solution: The Company was in th...
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Apr
19
2017
The Company: Venture backed, subscription e-commerce brand. The Financing Situation:  The Company is in growth mode, rolling out direct-to-consumer brands in addition to its subscription e-commerce business, and was seeking a non-dilutive solution as a bridge to a strategic sale or next equity round.  The Company‘s management team wanted excess working capital cushion to remain focused on g...
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Mar
30
2017
Customized financing solutions to technology-focused Angel or VC sponsored companies in need of $250K to $5 million Newport Beach, CA (March 23, 2017) – Novus Capital Group announced that it has merged with Super G Capital of Newport Beach, California. John Saefke, CEO of Novus Capital, will lead the venture debt and technology lending practice as a division of Super G Capital. Founded in 201...
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