Super G Provides Airball Financing
“Airball” defined – the portion of a loan that exceeds the amount supported by the underlying collateral and is dependent on support from the company’s cash flow or enterprise value. This is also referred to as a “financing gap.”
Super G fills a void in the credit market by providing $500k – $5mm second lien cash flow term loans to finance the airball.
We Help Senior Lenders:
- Our prodcut is complementary in nature to the senior lender as we are the subordinated capital
- Onboard new clients if there is a shortfall in the borrowing base
- Retain existing clients if there is a situational working capital or growth capital need
We Help Borrowers:
- Transition from banks to ABLs
- Finance situational working capital needs (ex. seasonality, upfront project costs, past due payable, etc.)
- Grow with non-dilutive capital
- Finance accretive acquisitions
Borrower Profile:
- Revenue: $5mm – $100mm
- Cash flow to support amortization
- Private or Public
- Industry Agnostic
- Geography: United States
How We Structure:
- Structure: Term Loan
- Loan Size: $500,000 – $5,000,000
- Term: 6 – 36 months
- Amortization: full-amortization required
- Staggered amortization can be provided based on cash flow
- Minimal covenants
- Security: Second lien on all assets behind senior lender