Super G Provides $1.3 Million Bridge Financing to Digital Media Company
The Company:
A fully-integrated digital media content company.
The Financing Situation:
The Company was in the process of raising venture capital to fund strategic acquisitions and other long-term growth initiatives. During this process, the Company needed additional working capital to fund operations in order to maintain its growth trajectory.
The Solution:
Super G was able to quickly get comfortable with the Company’s value proposition, experienced management team, and institutional backer. Most importantly, the Company demonstrated the ability to sufficiently debt service Super G’s amortizing term loan assuming the venture debt and Series B round did not close. Super G structured a flexible 2nd lien solution subordinated to the Company’s senior lender, FastPay, a financial platform that provides credit and payment solutions to the global digital media industry. Super G’s covenant light loan documents and rapid decision making allowed for an efficient and seamless closing. Post-funding, the Company was able to successfully close its venture debt round.
For more information on FastPay, please contact:
Maytal Shainberg
Sr. Director, Engagement
maytal@gofastpay.com
www.gofastpay.com
About Us:
Super G Funding is an alternative lender with over $100MM 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 $5MM 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.