October 29, 2014

Super G Funding Holds First Close on $100 million Fund to Lend to Insurance Brokers

Newport Beach, CA  — Super G Funding, LLC, a leading national provider of residual and commission based loans to small and midsize businesses, recently announced that it has held its first closing as part of a $100 million fund commitment from Inmost Discovery Capital LLC, a global asset management firm based in New York and South Korea. The committed capital enables Super G Funding to expand its residual-based loan strategy to related markets and expand its deal size to meet the needs of larger businesses.

“This is good news for Insurance Brokers looking to expand their business or buy another agency” says Super G Funding founder and CEO Darrin Ginsberg. “The new capital will allow us to expand our lending activities and provide Insurance Brokers with as much as $5 million in loans, with longer term structures.”

The market leader in lending to businesses with recurring revenue, Super G Funding has successfully closed more than 450 loans since 2008. Super G’s lending strategy is based upon years of working with small businesses that are either constrained by traditional commercial institutions or simply do not have access.

“The largest factor in lending difficulties for Insurance Brokers is that banks can’t provide enough capital to meet the brokers needs. Banks typically have strict credit criteria based on eligible collateral, and renewal incomes are not a traditional eligible asset,” said Jon Engleking Chief Operating Officer. “We understand how Insurance Brokers operate and loan money based on their renewal income.”

ABOUT SUPER G HOLDINGS — Super G Holdings is a provider of entrepreneur-friendly small business financing solutions

with loans ranging in size from $25,000 – $5,000,000. A pioneer and market leader in loans to merchant services, ATM deployers and insurance brokers, Super G Funding’s program enables companies with a recurring monthly residual or commissions to borrow against the life-time value of that cash stream. For more information, visit SuperGFunding.com 

or call 800-631-2423.