Super G Provides $2.5mm Non-Dilutive Bridge Facility to VC-backed Company
The Company: Venture backed, subscription e-commerce brand.
The Financing Situation: The Company is in growth mode, rolling out direct-to-consumer brands in addition to its subscription e-commerce business, and was seeking a non-dilutive solution as a bridge to a strategic sale or next equity round. The Company‘s management team wanted excess working capital cushion to remain focused on growth initiatives and maintain compliance with its bank’s liquidity covenant.
The Solution: Super G was able to quickly get comfortable with the Company’s value proposition, growth strategy, management team, and institutional backers. Most importantly, the Company was able to demonstrate a clear path to profitability in a worst case scenario of no strategic sale or additional equity financing. Super G structured a flexible, non-dilutive second lien loan subordinated to the Company’s senior lender.
Super G Capital is an alternative lender with over $100 million 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 $5 million 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.