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Super G Provides $2 Million Second Lien Loan to Franchisor

July 07, 2016, 07:41 AM
Filed Under: Franchisor

Super G Funding announced it provided a $2 million second lien growth capital loan to a publicly traded franchisor and licensor of take-and-go food products distributed through traditional and non-traditional food service outlets.

The company was seeking growth capital to develop a new food service concept that would serve as a showcase for new franchisees and generate an additional revenue stream.  The company preferred a non-dilutive debt structure over raising equity and traditional mezzanine capital was not an option due to the amount of financing needed and dilutive equity component.

Super G was able to quickly get comfortable with the Company’s operating history, royalty revenue streams, and growth opportunities, underwriting and closing a $2 million second lien loan in just a few weeks.  Super G provided a structured solution with a custom repayment schedule in partnership with the company’s senior lender, BMO Harris Bank.       

Super G Funding is an alternative lender with over $100 mm in committed capital specializing in residual and cash flow loans.  The 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.

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