Financing terms, agreed in your workspace
Start company requirements and initial F1 information for free. Review the proposal with your team and sign its Issuer Access Agreement in the same workspace. Business financing carries no upfront fee. Final financing terms follow further preparation and a separate offering agreement.
Investor coupons remain within 14.99%–29.99% per year. The coupon is only part of the cost. Backers’ fees: a closing commission of 7.99% of the loan, withheld at funding, and servicing of 0.29% per month of the balance still owed. The proposal also states any disclosed external costs. The complete terms must meet the applicable legal limit.
New debt has a minimum 12-month term and is closed to voluntary repayment for the first 12 months. A note maturing then repays principal at maturity; longer terms may permit repayment after the closed period, on the agreed notice and settlement terms.
No upfront fee. Business financing carries no Issuer Access and Due Diligence Fee, and Backers’ fees apply only if the offering is funded. Loans run from $15,000 to $500,000, for corporations.
| Amount and proceeds | Gross note principal, each deduction at funding and the net amount available to the company. Nothing is payable upfront. The closing commission is withheld at funding. |
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| Interest and issuer fees | The investor coupon, Backers closing commission, servicing on outstanding principal, and disclosed external costs. The complete cost is checked against the applicable legal limit. |
| Payment structure | Monthly amortizing payments, interest-only with principal at maturity, or an initial interest-only period followed by amortization. The schedule identifies any balloon principal payment. |
| Early repayment | Whether early repayment is permitted, the earliest repayment month, notice period and settlement calculation. Any required fee credit-back applies to the settlement. |
| Security and conditions | Proposed security and priority, guarantees, information requirements and conditions that remain to be met. These are subject to the applicable final documents. |
| Two agreements | A company owner or admin first signs the Issuer Access Agreement, which carries no fee for business financing. After further information is reviewed, they separately sign the exact final offering agreement and its document fingerprint. Initial indicative terms may change; signing does not guarantee funding. |
Private review, with a version record
A Backers-created review link can be read without signing in. Invite partners and advisers into the private company workspace to comment inline and suggest wording. Backers issues revised versions; the history preserves each issued document and the version a signature covers.
The issuer owes the debt
Your company issues the security and is responsible for repayment. Backers facilitates the offering as the funding portal. Purchasers pay no Backers fee. A proposal does not promise that an offering will list, raise its target or repay investors.
A new proposal does not change an existing note. Existing notes retain their agreed pricing version, schedule and rights. Any change to an issued security must follow the applicable documents and process.
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