Financing structuresCapital with a clear purpose.
Each structure solves a different financing need. Explore where it fits, what lenders assess and the terms to compare.
01Senior secured
Refinancing, acquisitions and expansion for businesses with established repayment capacity.
Credit considerations & key terms
- What lenders assess
- Sustainable EBITDA, cash conversion, leverage, interest coverage and collateral recovery.
- Terms to compare
- Amortization, covenant headroom, cash sweeps, security and prepayment flexibility.
02Unitranche
Acquisitions or growth requiring a single financing package rather than separate debt tranches.
Credit considerations & key terms
- What lenders assess
- Downside cash flow, enterprise value, debt capacity and sponsor or shareholder support.
- Terms to compare
- All-in pricing, permitted acquisitions, incremental debt baskets and covenant flexibility.
03Asset-based lending
Working-capital needs driven by receivables, inventory or seasonal cash cycles.
Credit considerations & key terms
- What lenders assess
- Asset eligibility, debtor concentration, dilution, aging and inventory realizability.
- Terms to compare
- Advance rates, reserves, reporting obligations, borrowing-base tests and liquidity triggers.
04Venture debt
Extending runway or financing expansion where institutional backing and a credible repayment path exist.
Credit considerations & key terms
- What lenders assess
- Cash runway, recurring revenue quality, burn, investor support and future funding requirements.
- Terms to compare
- Interest-only periods, draw conditions, maturity, warrants and liquidity covenants. Equity-linked terms may apply.
05Mezzanine
Bridging a financing gap for acquisitions, recapitalizations or growth beyond senior debt capacity.
Credit considerations & key terms
- What lenders assess
- Enterprise-value cushion, total leverage, exit or refinancing options and senior debt restrictions.
- Terms to compare
- Cash versus payment-in-kind interest, subordination, intercreditor terms and any equity participation.
06Revenue-based financing
Funding customer acquisition or expansion where revenue visibility supports variable repayments.
Credit considerations & key terms
- What lenders assess
- Revenue consistency, gross margin, churn, customer concentration and cash-flow sensitivity.
- Terms to compare
- Revenue share, repayment caps, minimum payments and effective cost under different growth scenarios.
Structures are subject to lender approval, due diligence and documentation. Not all facilities are suitable for every business; pricing and equity-linked terms vary.