Fund your business. Retain freedom.

Unsecured loans for your small or medium-sized business.

A better way to grow your business

Less risk

Unsecured funding means no personal or business guarantees. We base our lending on the cash flow of your business.

Lower cost

Benefit from a lower cost of borrowing vs. many debt funds, private equity and venture capital funds.

More freedom

Use the capital the way you need it.

What do you need capital for?

Acquire a company

Acquire a shareholder

Management buy-outs or buy-ins

Fund special projects

Fund internationalization

Fund working capital

Operating expenses

New machinery

Other capital expenditures

	Banks		Debt Funds	Private Equity Funds
Cost	Lower interest rates (due to collateral)	Market rates for the term and risk	Expected returns usually in the low- to mid- double digits per year	Expected returns above 20% per year
Guarantees	Often require personal guarantees / collateral	No guarantees	Asset pledge / negative pledge	Equity to achieve expected return
Amortisations profile	Generally amortising	48-month grace, then 7 equal quarterly amortisations	Generally bullet structures	Drag-along rights
Tenor	Long-term funding options are scarce, other than mortgage-based lending	5.5 years	3 - 7 years	5-year investment horizon
Use of funds	Specific, only fund certain operations	Highly flexible	Flexible, but can influence covenants and pricing	Flexible, but can influence covenants and pricing
Covenants / conditions	Covenant heavy	Covenant light	Covenant heavy with control rights	Covenant heavy with control rights
Response time	4 - 6 weeks	4 - 8 weeks	2 - 3 months	2 - 3 months
Other	No equity dilution or loss of control	No equity dilution or loss of control	Potential loss of control	Equity dilution

Is our lending right for you?

MINIMUM REQUIREMENTS

€20 million in revenue

€2 million in EBITDA

3 years positive EBITDA

Located in Spain