Super G Funding Closes $700,000 2nd Lien Financing for Waste Management Company
A family owned and operated waste management company providing solid waste hauling and recycling services to residential and commercial customers throughout Southern California.
The Financing Situation:
The Company was awarded an exclusive license to service a highly sought after municipality and needed immediate financing to fund upfront working capital. At the same time, the Company was in technical default with its senior lender and had other outstanding liabilities that required immediate payoff.
Super G was able to get comfortable with the Company’s financing situation because of the long history of the business, the cash flows associated with the new contract, and the character of the entrepreneur. Super G’s 2nd lien loan allowed the Company to finance its new municipality route, which was expected to generate significant revenue, remain on good terms with its senior lender and normalize working capital.
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.