Questions

How do new fintech loan companies get access to debt capital when they are pre-revenue?

Providers of debt capital seem to require significant (circa $2m) in working capital/cash on hand. Is there a way around this for early stage startups who don't have that kind of working capital? Are there any companies doing white labelling or partner programs that removes these requirements?

2answers

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Answered a year ago

It's very difficult to take out traditional bank debt without revenues. try angel investors who are willing to do SAFE notes or convertible debt. have a solid plan in place which shows how you will use the money to become revenue generating.


Answered a year ago

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