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.
Other Things to Note:
There are 3 financing solutions:
Program no longer active at the beginning of 2021.