Venture Debt

Debt financing involves borrowing capital rather than selling ownership. This article explores the mechanics of debt, the trade-offs with equity, and the risks of leverage.

A loan covenant is a rule attached to debt financing. This article explains the types of covenants, financial ratios, and the consequences of tripping a technical default.

A bridge loan fills the gap between financing rounds. This article defines the term, outlines when to use it, and explains the risks of bridging to nowhere.