Finance the growth of innovative enterprises using Venture Debt and Warrants.
This form of financing is typically suited for high growth start-ups that do not have significant assets to be used as collateral under traditional bank lending. The warrants, or rights to purchase equity, is to compensate for the higher risk of loan default.
1 Young enterprise refer to firms formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals.
1 Borrower Group consists of the borrower as well as corporate shareholders that hold more than 50% of the total shareholding of the applicant company, and any subsequent corporate parents (all levels up) and subsidiaries all levels down. (Annual sales turnover and employment size are computed on a group basis).