The Company:

A family owned and operated waste management company providing solid waste hauling and recycling services to residential and commercial customers throughout Southern California.

The Financing Situation:

The Company was awarded an exclusive license to service a highly sought after municipality and needed immediate financing to fund upfront working capital. At the same time, the Company was in technical default with its senior lender and had other outstanding liabilities that required immediate payoff.

The Solution:

Super G was able to get comfortable with the Company’s financing situation because of the long history of the business, the cash flows associated with the new contract, and the character of the entrepreneur.  Super G’s 2^nd lien loan allowed the Company to finance its new municipality route, which was expected to generate significant revenue, remain on good terms with its senior lender and normalize working capital.