Skip to content

DEALS WE SUPPORT

Financing Flexibility for Situations Outside the Standard Mold

Some businesses face capital requirements involving unusual collateral, complicated debt arrangements, urgent transaction deadlines, or changing ownership and operating circumstances.

These situations rarely fit a standard credit box, and they are not defined by a company's health. A strong business can face an unusual structure just as readily as a struggling one. What they share is a need for a more individualized financing evaluation, built around the specifics rather than a template.

Great Elm's asset-based financing is typically sized at $5MM to $30MM, and each opportunity is evaluated on its own facts.

Rows of industrial presses on a factory floor

COMMON CHALLENGES

What Can Make a Financing Situation Nonstandard

A special situation tends to involve one or more of these pressures, each of which can make a conventional facility hard to put in place.

Several asset types, or assets that are hard to value, can make a single clean facility difficult to size and document.

Existing liens and rights held by other creditors can limit which assets are available and how a new facility must be structured.

A closing date set by a transaction, a contract or an ownership event leaves little room for a slow, standard process.

Finance professional reviewing documents

FINANCING CONSIDERATIONS

What the Financing Has to Account For

Because there is no standard template, an evaluation starts by pinning down the specifics of the situation.

  • The actual capital requirement, and the business event behind it
  • Eligible assets that could support the facility
  • Existing lien and lender positions
  • Transaction participants and who must consent
  • Execution dependencies, including timing
  • The financing structure best suited to the circumstances

If the company is in an operating Chapter 11 case, court-authorized DIP Financing is a separate product.

RELEVANT FINANCING SOLUTIONS

Great Elm Financing Options

Which structure fits depends on the assets and the transaction. Availability and terms are transaction-specific.

Secured Term Loans

Collateral-backed term financing for eligible complex or transitional needs.

Ledgered Line of Credit

Receivables-supported liquidity where the need is working capital, subject to eligible receivables.

Unitranche Loans

A coordinated structure for qualifying multi-layer financing needs.

RECENT DEALS

Recent Great Elm Financing Transactions

A sample of recent Great Elm financings. These show our company-wide lending experience and are not specific to special situations.

Explore our recent financing transactions and discover how we're helping businesses access the capital they need to grow and succeed.

FREQUENTLY ASKED QUESTIONS

Special Situations Financing FAQs

Answers to common questions about financing transactions that fall outside a standard case.

A financing where structure, collateral, timing or the parties involved fall outside a standard case. It describes the transaction, not a separate Great Elm product.

No. Some special situations involve strong businesses with unusual circumstances. Where financial stress is the main issue, the Turnarounds, Bank Workouts and Distressed Financing pages cover it.

Depending on the product, accounts receivable, inventory, machinery and equipment, and healthcare-related real estate. Eligibility is evaluated for each transaction.

Discuss a Complex Financing Opportunity

Describe the nonstandard circumstances, your capital requirements, existing financial arrangements and available assets, and Great Elm can review whether one of our lending structures fits.

Contact Our Financing Team

Tell us about your business and what you’re looking to finance. A member of our team will follow up to discuss your needs and potential next steps.