For Venture Debt, the typical document list required includes:

 

1. Business Plan:

• A comprehensive plan outlining the company's business model, growth strategy, and market opportunity.

 

2. Financial Statements:

• Income Statements, Balance Sheets, and Cash Flow Statements for at least the past 12-24 months to show financial health and cash flow stability.

 

3. Revenue History & Projections:

• Documentation of past revenue, ideally showing steady growth.

• Financial forecasts for future revenue, including assumptions behind the projections.

 

4. Cap Table (Capitalization Table):

• A detailed overview of the company’s current equity structure, including investors and percentage ownership.

 

5. Debt Schedule:

• Information about any existing debt or financial obligations the company has, including repayment schedules and interest rates.

 

6. Equity Fundraising History:

• Information about previous equity rounds, including the amounts raised, investors, and terms of investment.

 

7. Term Sheet:

• A proposed term sheet for the venture debt, outlining loan terms, interest rates, covenants, and potential warrant coverage.