What is a draw request?
A draw request, also known as a disbursement request or loan advance request, is a formal request made by a borrower to […]
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What is Undrawn Capital Fee?
Unused or undrawn capital fees, sometimes called commitment fees, are fees charged by lenders to borrowers on the undrawn or unused portion […]
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Warrants in a Debt Facility Explained
While equity financing from VCs grabs the headlines, debt financing plays an equally important role in funding growth. Debt facilities help startups […]
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Parent Guaranty Explained
A parent guaranty is a legal agreement that is often required when a company seeks outside financing or raises funds from investors. […]
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What are concentration limits in a Warehouse Facility?
In secured warehouse lending, managing risk exposure to an individual issuer is critical, especially as facility sizes scale. Lenders establish customized concentration […]
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What is a mezzanine facility?
When raising a debt facility, sometimes, different lenders take senior and junior positions in the facility based on their risk/return appetite. Banks […]
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Right of First Refusal (ROFR) Explained
Right of first refusal (ROFR) is a contractual clause that gives a party the first option to purchase or finance an asset […]
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Venture Debt Explained
What is Venture Debt? Venture debt refers to loans that are made to startup or growth-stage companies that do not have positive […]
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What are the common terms in a Warehouse Facility?
Understanding a Warehouse Facility Term Sheet A warehouse facility term sheet outlines the key terms and conditions for a proposed line of […]
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