The M7 Venture Debt Loan Program provides debt financing in collaboration with equity investment from accredited investors in a non-dilutive manner. Venture This funding is intended to increase the ability of emerging growth companies to access capital that will increase liquidity as well as their ability to reach cash flow breakeven and beyond.
Eligible businesses must:
Benefit to Company:
Availability of flexible and predictable funding, without company dilution or loss of control, preserves equity capital for use in the business, and stimulates the growth of the company.
Terms of Loan:
Interest rate, term and collateral will be decided on a project by project basis.
No prepayment penalty.
MEDC may take warrants.
Applicant will be responsible for attorney loan closing costs and other out of pocket expense to MEDC.
The loan request will be approved by an investment committee with representation from throughout the seven county region.