Super G Funding Closes $1.5 Million Senior Financing for Ice Cream Manufacturer
A manufacturer of various Hispanic themed ice creams, frozen yogurt, fresh fruit bars and other icy treats distributed throughout major big box and supermarket chains.
The Financing Situation:
The Company was in technical default with its senior lender and had an immediate seasonal over-advance capital need to finance raw materials for its summer busy season.
The senior lender assigned its note to Super G to facilitate a smooth closing and Super G upsized the loan to provide working capital for the Company’s busy season and position the Company to obtain a new permanent senior lender. The Super G loan enabled the Company to finance a large seasonal need and to transition to a new senior lender that will provide a revolving facility to support the Company’s continued growth.
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.