Venture Debt Connections?
July 01, 2024
by a professional from University of Virginia in Holmes, NY 12531, USA
Hi all,
Pleasure to be part of this community. A quick question for folks. In a prior life, I did a decent amount of "venture debt" deals, mostly with Hercules - i.e. 4-5 yr term debt w/ some warrant coverage - for folks outside the space, this type of venture debt is lent on the premise of actual repayment, it's not your typical convertible note under which the "lender" is largely using the debt component to bridge to an equity conversion. In any event, I have a client looking at a small deal - total purchase price is going to be under $1mm - SBA regrettably isn't an options for reasons I'm happy to address. Was just wondering - it's been a little while since I was active among venture debt lenders. Was hoping someone here might either be in the space, or be willing to make a quick intro. Happy to share additional details. Folks can please feel free to DM or email me at redacted To the extent there are any providers out there, more than willing to chat on working together - and even for referrals, would be happy to provide an in-kind favor if I can.
Thanks!
-Matt Bergman