Debt or equity
Structures vary. Some founders want equity; some want debt against receivables or contracts so they do not dilute. We are comfortable with either and will tell you which we think fits your situation better, including when that answer is neither.
What we look for
Revenue that repeats. A cost of acquiring a customer that you can state accurately. And a specific use for the funds — "growth" is not a use of funds.
Who can apply
- Demonstrable revenue
- Incorporated entity with clean cap table
- Specific and stated use of funds
What to bring
- Pitch deck and financial model
- Audited or compiled financials
- Bank statements
- Cap table and constitution documents
- KYC of founders
Common questions
Do you do convertible notes?
[State your position.]
How long does a decision take?
Longer than a loan and shorter than a fund. We will tell you early if it is not for us.
Rates, charges and eligibility are indicative and subject to our credit assessment. The figures that bind us are those in your sanction letter. See our Interest Rate Policy and Fair Practices Code.