What is a Structuring Fee?
A structuring fee is an upfront fee charged by lenders when putting together a new debt warehouse facility. It is intended to […]
What is Tangible Net Worth?
Tangible net worth (TNW) is an important financial metric that lenders use to assess a company’s financial health and ability to repay […]
What is an Event of Default?
An event of default (EOD) is a breach of the terms of a debt facility or loan agreement by the borrower. EOD […]
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 […]
When is the right time to raise Venture Debt?
As a startup CEO or CFO, one of the most important financial decisions you will make is whether or not to take […]
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 […]
Loan to Value Ratio Explained
As an early-stage startup seeking funding, one of the most important financial metrics you will encounter is loan-to-value ratio, commonly abbreviated as […]
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 […]
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 […]