ENFB 4190 final exam with correct
answers
Stage and First Appear - Correct Answers -Seed A --- Trade Credit (vendor financing)
Pre-revenue Series A --- Leasing, SBA Loans
Post-revenue series A --- Venture Debt, Asset based lenders
Series B --- Commercial banks
Venture debt - Correct Answers -installment loan, interest only for 3-12 months. 3 yr
term
collateralized by all assets of the corporation
market interest rate + penny warrants (.5% - 1% ownership)
commercial banks make these loans (not every commercial bank does venture loans)
3 banks in the southeast
-Silicon Valley Bank, Square 1 Bank, Bridge Bank
loans are usually made in conjunction with an equity raise
no personal guarantees made by the CEO or founders
Why lease for a leasing company? - Correct Answers -makes money
easy to repo
easy after lease expires to release or sell
SBA (Small Business Admin.) - Correct Answers -Federal (commerce)
$19B a year in loans
answers
Stage and First Appear - Correct Answers -Seed A --- Trade Credit (vendor financing)
Pre-revenue Series A --- Leasing, SBA Loans
Post-revenue series A --- Venture Debt, Asset based lenders
Series B --- Commercial banks
Venture debt - Correct Answers -installment loan, interest only for 3-12 months. 3 yr
term
collateralized by all assets of the corporation
market interest rate + penny warrants (.5% - 1% ownership)
commercial banks make these loans (not every commercial bank does venture loans)
3 banks in the southeast
-Silicon Valley Bank, Square 1 Bank, Bridge Bank
loans are usually made in conjunction with an equity raise
no personal guarantees made by the CEO or founders
Why lease for a leasing company? - Correct Answers -makes money
easy to repo
easy after lease expires to release or sell
SBA (Small Business Admin.) - Correct Answers -Federal (commerce)
$19B a year in loans
