Super G Funding Closes $1.1 Million Financing for Little Caesars Franchisee
The Company:
Top ten Little Caesars franchisee with over 20 locations in 3 states.
The Financing Situation:
The Company had engaged Trinity Capital LLC, a Los Angeles-based boutique investment bank with expertise in food & beverage, to arrange a capex facility to fund new locations awarded by Little Caesars. During this process, an immediate capital need arose to retire maturing debt, corporate tax liens, and for short-term liquidity.
The Solution:
Super G was able to get comfortable with the Company’s financing situation because of the owner’s long operating history, number of operating locations, and strong relationship with Little Caesars corporate. Super G underwrote and funded a senior term loan within weeks, improving the Company’s balance sheet for the capex facility financing and providing sufficient liquidity for short-term working capital needs while Trinity Capital LLC continues its process. Super G’s ability to get comfortable with tax lien situations and move quickly allow us to be a unique solution.