BDC Financing for tech companies – Customized Working Capital (2022)
Description:
BDC helps tech firms looking to raise working capital for growth initiatives, but have insufficient tangible assets to secure conventional financing and don’t want to dilute their ownership.
Comments on Funding:
Financing is between $200,000 and $35 million.
Benefits: security subordinated to secured lenders, which gives companies more borrowing power; limited to no involvement in management, which keeps the business in the current management hands; personal assets are not taken as collateral; repayment is tailored to the companies’ business model.
Eligibility:
Applicants must:
Other Things to Note:
There are 3 financing solutions:
Program no longer active at the beginning of 2021.

When It Ends:
Closed
Deadline:
Rolling deadline