LENDER-TC24I10805EB000245
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Equipment lender specializing in leasing loans
– Can provide loans up to $30 million
– Loans can be on or off the balance sheet
– Interest rate in the high single digits
– Total yield typically in the low teens
– Check size ranges from $2 million to $15 million
– Willing to provide incremental term debt and subordinate to tech banks
– Focus on venture-backed companies, but equipment does not need to be venture-backed
– Offers venture debt and equipment leasing, with $100 million in each category annually in recent years
– SIBC fund has a sweet spot of $2 million to $15 million
– Will work alongside tech banks
– Cash flow burn is usually considered
– Industry agnostic, open to various sectors
– All-in cost in the low teens, with current payment structure
– Small warrant components may be included