Novus Capital Group Merges with Super G Capital
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 2013, Novus Capital has provided customized financing solutions to 70 emerging technology companies that are sponsored by Angel or Venture Capital investors. Super G Capital, which started in 2008, has loaned approximately $200 million through its four lending divisions. Super G Capital provides a robust platform of non-dilutive, flexible funding solutions for growth stage entrepreneurial companies.
“The combination of Novus Capital’s Venture Debt focus and Super G Capital’s 2nd lien lending will create unmatched structural flexibility to technology and emerging growth companies nationwide. In addition to more customized loan terms, Novus Capital can now provide a full spectrum of funding options from $250K up to $5 million per transaction, an increase from our previous limit of $1 million,” said John Saefke. “In addition, we can now offer both traditional Venture Debt with warrant coverage style deals as well as non-dilutive growth debt.”
“We started our SaaS Funding division last year to bring non-dilutive growth debt to the software and technology industry,” says Darrin Ginsberg, CEO of Super G Capital. “Super G Capital was looking to accelerate our technology lending when we met John Saefke and the Novus Capital team. Together we will expand our product offerings and better serve Angel and Venture-backed companies by providing more options.” Novus Capital now offers senior financing, subordinated financing and can utilize Super G Capital’s “First to Second” solution to grow with its clients from an early stage through traditional bank financing.
In addition to John and professionals located in Portland, OR, Novus is led by Dave Dolezal in Denver, CO and Jane Mason in Boston, MA. They will add coverage with Super G Capital professionals in Southern CA, Northern CA and Dallas, TX.
About Super G Capital
Super G Capital is an alternative lender specializing in residual and cash flow loans. Super G Capitals’s 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. Super G Capital is a pioneer and market leader in residual and commission-based loans to a variety of industries such as Merchant Services ISOs, ATM ISOs, Insurance Agents and Brokers, and Independent Software Vendors (ISVs).
Super G Capital lends up to $5 million per transaction in the form of fully-amortizing cash flow loans with flexible terms of 6 to 36 months. Super G Capital has a small, nimble team, which is highly responsive and can close deals rapidly. Visit www.supergcapital.com to learn more.
About Novus Capital Group
Novus Capital Group offers customized, creative financing solutions for emerging growth technology companies seeking to preserve equity and maximize their current cash positions during periods of growth. Novus Capital’s team of seasoned financial professionals partner with fast-growing companies to create specialized debt solutions that allow them to attain their goals and attract potential equity sponsors. Through flexibility, creativity, and ingenuity, Novus Capital works quickly and with precision to help emerging growth technology companies achieve long-term success. Visit www.novuscapitalgroup.com to learn more.
Novus Capital Group
CEO, Novus Capital Group
4500 Kruse Way, Suite 170 Lake Oswego, OR 97035
Ph: (503) 303-5111