Super G Funding expansion allows ATM deployers to obtain loans up to $5 million with longer term structures
NEWPORT BEACH, CA (September 22, 2014) — Super G Funding, LLC, a leading national provider of residual and cash flow-based loans to small and midsize businesses, recently announced that it has held its first closing as part of a $100 million fund commitment from Inmost Discovery Capital, LLC, a global asset management firm based in New York and South Korea. The committed capital enables Super G Funding to expand its residual-based loan strategy to related markets and expand its deal size to meet the needs of larger businesses.
“This is good news for ATM deployers faced with the staggering costs of upgrading ATM equipment to EMV and those looking to expand their business,” says Super G Funding founder and CEO Darrin Ginsberg. “The new capital will allow us to expand our lending activities and provide ISOs and ATM deployers with as much as $5 million in loans, with longer term structures.”
The market leader in lending to merchant services, independent sales organizations and ATM deployers, Super G Funding has successfully closed more than 450 loans since 2008. Super G’s lending strategy is based upon years of working with small businesses that are either constrained by traditional commercial institutions or simply do not have access.
“The largest factor in lending difficulties for ISO and ATM deployers is that banks simply don’t understand the business model. Banks typically have strict credit criteria based on eligible collateral, and residual streams are not a traditional eligible asset,” said Jon Engleking Chief Operating Officer. “We understand how ISOs and ATM deployers operate, and loan money based on residuals.”
ABOUT SUPER G HOLDINGS
Super G Holdings is a provider of entrepreneur-friendly small business financing solutions with loans ranging in size from $25,000 – $5,000,000. A pioneer and market leader in loans to merchant services, ATM deployers and insurance brokers, Super G Funding’s program enables companies with a recurring monthly residual or commissions to borrow against the life-time value of that cash stream. For more information, visit SuperGFunding.com or call 800-631-2423.