Paleteria La Michoacana

Super G Funding Closes $1.5 Million Senior Financing for Ice Cream Manufacturer

The Company

A manufacturer of various Hispanic themed ice creams, frozen yogurt, fresh fruit bars and other icy treats distributed throughout major big box and supermarket chains.

The Financing Situation

The Company was in technical default with its senior lender and had an immediate seasonal over-advance capital need to finance raw materials for its summer busy season.

The Solution

The senior lender assigned its note to Super G to facilitate a smooth closing and Super G upsized the loan to provide working capital for the Company’s busy season and position the Company to obtain a new permanent senior lender.  The Super G loan enabled the Company to finance a large seasonal need and to transition to a new senior lender that will provide a revolving facility to support the Company’s continued growth.