Understanding covenants in debt facilities
Debt facilities like loans and credit lines often come with strings attached in the form of covenants. Covenants are promises made by […]
What is a line of credit?
A line of credit is a type of financing that allows startups to access capital as needed up to a set limit. […]
What is a Non-Call Period?
When a company takes out a loan from a lender like a bank, the loan agreement contains many provisions that govern the […]
UCC Filings Explained
A UCC filing, also known as a UCC financing statement, is a legal form that creditors file to give notice that they […]
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 […]