Contract types:
- Term loan agreement
- Promissory note
Usual terms:
- APR: 7% – 25%
- Period: 3 months – 5 years
- Amount: 10k – 5M+ (€ or £); amount depending on the financial situation
- Repayments: Fixed monthly payments (amortising)
- Collaterals: Usually no collaterals required
Usual eligibility criteria:
- Minimum annual revenue: 250k+ (€ or £); proven cash flow
- Business operating for at least 12–24 months
- Good recent financials (long-enough runway and/or good growth)