United States
San Francisco is dominated by equity capital, which distorts how founders think about debt. Well structured borrowing is often cheaper than a further equity round and there is a deep specialist market here for lending against recurring revenue.
| Structure | Where it works |
|---|---|
| Venture debt | Sits alongside an equity round and extends runway without further dilution. |
| Recurring revenue lending | Sized on annual contracted revenue and retention, not on profit. |
| Equipment finance | For laboratory, production and infrastructure hardware. |
Retention and churn data carry more weight than accounting profit in this market.
Existing investor support materially improves terms and should be evidenced.
Debt raised at the wrong point in the cash cycle creates covenant pressure, so timing matters.
Yes, where revenue is contracted and retention is strong. That is the core of the recurring revenue lending market.
Usually a small warrant position, which is still far less dilutive than an equivalent equity raise.
Tell us what the business in San Francisco needs and we will structure the request and approach the providers whose criteria match. No upfront fees, charges apply only once funding completes.
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