Super G Funding Provides Growth Capital to SaaS Provider
SaaS Funding Initiative:
Super G Funding recently closed several Software-as-a-Service (SaaS) deals and continues to dedicate more resources to emerging SaaS companies. Super G’s capital is non-dilutive and based on Monthly Recurring Revenue (MRR) rather than profit in order to better enable companies to achieve scale and increase shareholder value. Super G’s SaaS lending product has successfully enabled companies to extend their runway and maximize valuations when pursuing venture capital.
ClickNotices, Inc. is the leading Software-as-a-Service (SaaS) provider of court filing and delinquency management services to the multifamily industry. The Company’s cloud-hosted platform and expert court agents offload the administrative burden of managing late rent. Every month, ClickNotices handles thousands of late rent cases, helping property managers minimize delinquencies, reduce legal costs, and simplify operations.
The Financing Situation:
ClickNotices was bootstrapped, growing quickly and recently turned profitable. Its founders wanted to invest more aggressively in growth while minimizing dilution. The Company wanted a financing partner that would provide capital based on a multiple of its recurring revenue and was capable of supporting its growth and possible acquisition strategy.
As a pioneer and market leader in residual loans, Super G was able to quickly understand and underwrite ClickNotices’ revenue stream. Super G was able to structure non-dilutive growth capital based on a multiple of monthly recurring revenue and close within weeks.
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.