For borrowers
Borrow against what you already sell
A print run, a harvest, a signed contract, a production order. If it has customers behind it you can borrow against it, and you keep your equity.
Why debt rather than equity
- Eight months of runway is not worth 20% of your company.
- No board seat, no information rights, no liquidation preference.
- The loan ends. An investor does not.
- A repaid loan makes the next one cheaper. A round does not.
- You can borrow at a stage where nobody would price your equity anyway.
And why it might not suit you
- You have to pay it back on a date. Equity forgives a bad quarter. A schedule does not.
- Your numbers become public. The credit note is published, including the concentration you would rather not discuss.
- A default is published too. Permanently, with your name on it.
- Pre-revenue is expensive here. Unsecured with no customers prices around 16%, if it is written at all.
What happens, in order
- 1
Apply
About forty minutes. Who you are, what you want, what secures it, and what you already sell. The story goes last.
- 2
A reviewer reads it
Within a week, either a priced term sheet or a straight no with the reason. No process, no committee, no six weeks of silence.
- 3
You see the credit note first
Including the parts that count against you. If you do not want it published, you withdraw at that point and nothing is listed.
- 4
It lists, and lenders read it
Typically funded in one to three weeks. The largest loan on the platform closed in nine days.
- 5
You repay on the schedule
Monthly or quarterly, whichever matches how your own money arrives. Miss one and you post an update within 72 hours.
What we ask for
Something real behind the loan. That does not have to be an asset: a signed contract, a standing order, a subscriber list with a renewal history, or a production run with distributor orders against it all count. Two loans on this platform are entirely unsecured and both were written on the strength of the borrower’s own covenant.
A personal guarantee is optional and it matters. A capped guarantee, usually 25–40% of principal, is often the single thing that moves a grade from C to B, and a B is two to three points cheaper.
Disclosure is not optional. Any material event has to be posted within 72 hours, whether it is good news or not. The borrower who is late on this platform right now disclosed three weeks before the due date, and that is the only reason a restructure is still available to them.
Where to start
Everything under Raise
Applying, what it costs, what we ask for, and what you sign up to.
