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Venture Debt
Whether a company is looking to finance specific assets, obtain additional cash runway or simply put in place “insurance,” we can help by providing combinations of the following venture debt products:
Growth Capital Loans – Growth Capital loans are used to fund general corporate and operational needs. These loans are covenant-free, non-restrictive loans that provide true runway and maximum flexibility.
Equipment Loans – Equipment loans enable a company to finance specific assets in a cost effective manner. These loans are secured by the equipment itself and also have no covenants.
Subordinated Debt – Subordinated debt loans are available in certain cases when a company wants to layer on additional debt to further extend its runway. These covenant free loans are typically secured by a second lien on a company’s assets.
Accounts Receivable Facilities – Accounts Receivable facilities are intended for companies that have reached a threshold of sales volume. We typically offer these facilities in partnership with a bank or other provider.
Convertible Debt – Convertible loans enable a company to convert all or a portion of its outstanding loan into equity at a certain point in the future. This hybrid instrument can provide a company with some of the benefits of both debt and equity.
M&A Financing – We offer various financing products that can be tailored to the needs of companies which are contemplating mergers, acquisitions or specialized financial transactions. We structure these products to provide maximum flexibility with respect to size, timing and option value.
Special Situation Facilities – These facilities, like with M&A financing, depend heavily on the needs of the company in question. Our Special Situation debt products are structured to enable a company to match its financing needs with its business objectives, whatever they may be.
For all of our venture debt products, our initial investment size ranges from $500,000 to $25.0 million. Additionally, we utilize a quick and simple documentation process, which saves a company time during and after the transaction.
We have the capacity to lead our portfolio companies’ equity rounds or make minority investments in those rounds. Our initial venture equity investments range from $500,000 to $15.0 million. In cases where we’ve made a prior venture debt investment, we view a subsequent equity investment in our portfolio companies as an alignment of interests with the team and its existing investors.
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