LENDER-FC24I10805EB000110
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Loans Offered in Venture Debt and Royalty-Based Financing
– Loans to US and Canadian companies
– Loan Amount: $1-5 million as the initial tranche, with the potential to grow up to $7.5 million.
– Revenue Requirement: A minimum recurring revenue of $2.5 million, with an additional $4-5 million if the company does not have recurring revenue
– Growth Criteria: Companies must demonstrate a growth rate of 30% or more year over year.
– Cash Burn Acceptance: Open to working with companies that are burning cash.
– Target Industries: Focus on earlier stage companies involved in Software-as-a-Service (SaaS) and e-commerce.
– Interest Rate and Warrants: The interest rate is typically 15-18%, and a small warrant may be included.