A better way to grow your business
Unsecured funding means no personal or business guarantees. We base our lending on the cash flow of your business.
Benefit from a lower cost of borrowing vs. many debt funds, private equity and venture capital funds.
Use the capital the way you need it.
Up to €10 million in funding
What do you need capital for?
Acquire a company
Acquire a shareholder
Management buy-outs or buy-ins
Fund special projects
Fund working capital
Other capital expenditures
More flexible than bank loans.
Cheaper than equity.
|Banks||Debt Funds||Private Equity Funds|
|Cost||Lower interest rates (due to collateral)||Market rates for the term and risk||Expected returns usually in the low- to mid- double digits per year||Expected returns above 20% per year|
|Guarantees||Often require personal guarantees / collateral||No guarantees||Asset pledge / negative pledge||Equity to achieve expected return|
|Amortisations profile||Generally amortising||48-month grace, then 7 equal quarterly amortisations||Generally bullet structures||Drag-along rights|
|Tenor||Long-term funding options are scarce, other than mortgage-based lending||5.5 years||3 - 7 years||5-year investment horizon|
|Use of funds||Specific, only fund certain operations||Highly flexible||Flexible, but can influence covenants and pricing||Flexible, but can influence covenants and pricing|
|Covenants / conditions||Covenant heavy||Covenant light||Covenant heavy with control rights||Covenant heavy with control rights|
|Response time||4 - 6 weeks||4 - 8 weeks||2 - 3 months||2 - 3 months|
|Other||No equity dilution or loss of control||No equity dilution or loss of control||Potential loss of control||Equity dilution|
Unsecured, 5.5-year funding
Is our lending right for you?
€20 million in revenue
€2 million in EBITDA
3 years positive EBITDA
Located in Spain
50 companies funded
€200 million loaned