CI’s venture debt financing helps business leaders like you grow your eligible early- or later-stage company by offering you funding for capital expenditures and working capital. The interest rate will typically be fixed between 5% and 10% for the life of the debt. Warrants are part of the overall pricing and range from 5% to 25% of the loan amount. The maturity of the debt will typically extend from 3–5 years. Collateral will include a priority lien or, occasionally, a subordinated lien on the borrower’s assets.
Any Connecticut-based business that has proprietary intellectual property, deep technical knowledge or a significant first-mover advantage can apply for venture debt provided the company is in the following stages of development:
Selected early-stage businesses will typically receive between $150,000 and $500,000 for expansion, while selected later-stage companies will typically receive between $500,000 and $2,000,000.