May 16, 2016

Super G Funding Provides $900,000 in Acquisition Capital to Insurance Agency, Beating Out Larger “All Cash” Buyer

The Acquirer:

A New York insurance agency with in excess of $1MM in commission and renewal income that specializes in commercial insurance policies.

The Target:

A 30-year-old insurance agency whose owner wanted to retire and sell the business.  The Target’s business was identical to the Acquirer’s.

The Challenge:

The Acquirer was a smaller agency and did not have enough cash to complete the acquisition.  The Acquirer was also competing against a larger “All Cash” buyer and needed to find a lender that could quickly approve them for a loan. Bank loans and equity investors were not viable options since both would have taken too long.

The Solution:

Super G was able to quickly get comfortable with the Acquirer’s business model, commission and renewal income, and growth plans to finance a substantial part of the acquisition. Super G approved and funded the loan in just a few weeks, providing $900,000 in capital to complete the acquisition.

About Us:

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 6-48 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.