Super G Capital provided a $2 million second lien working capital loan for a sponsor-backed provider of employee healthcare management services.
With too much capital chasing too few transactions, the middle market is ripe for change. Charlie Perer predicts an explosion of debt options for non-sponsor backed companies over the next 10 years. He notes that as non-banker lenders offer customers more service and flexibility, banks will respond by consolidating.
In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.
Glowpoint, a managed service provider of video collaboration and network applications, completed a recapitalization of its existing debt obligations supported by loans from Western Alliance and Super G Capital.
Brands like Cheerios, Toyota and Coca Cola have become ubiquitous. Once confined to radio, television and print publication ads, they now follow us as we surf the internet, peer out from the margins of our Facebook pages and insinuate themselves into our Twitter feeds. Charlie Perer argues that small lenders need to establish their own brands to compete with the industry giants. A strong brand can set a lender apart from the pack and establish an identity that will resonate with borrowers.
Super G Capital provided a $3.5 million credit facility to a company that designs and manufactures NextGen-compliant avionics systems.
Super G Capital provided a $1.5 million bridge facility for a software as a service (SaaS) company that provides data management solutions to insurance agencies, government agencies, hospital and healthcare organizations.
Super G provided a $2.5 million second lien working capital facility to a venture capital backed subscription e-commerce brand business.
Online lenders have made it quick and easy for business borrowers to access cash in a crunch. But these fintech lenders rely on algorithms and business plans, not bothering to check to see if the borrower has existing loans in place. If the client runs into difficulties, this can create headaches for the senior lender. Charlie Perer suggests that second lien lenders provide new products to enable borrowers to get a quick influx of cash controlled by the senior lender.