Is anyone in need of flexible, non-dilutive mezz debt capital?
February 03, 2021
by a lender from St. Mary's College of California in San Francisco, CA, USA
Highlights: 1) Loan Size - $200K to $1MM 2) Term - 6 month to 36 months 3) No prepayment penalty 4) Minimal financial covenants 5) Industry agnostic
Uses Cases: 1) Equity substitution product 2) Bridge to equity/senior secured refinance 3) Increase liquidity alongside senior loan 4) Growth capital to further increase top line 5) Refinance higher cost loans
Requirements: 1) At least 3 years in business 2) At least $1MM in TTM gross sales 3) 25%+ gross margins 4) Profitable or a defined path to profitability 5) Stable or increasing top line YOY with a recurring component
from Napier University in Aberdeen, UK
from Harvard University in Cambridge, MA, USA