Golub Capital’s Late Stage Lending business provides financing solutions to venture-backed, growth equity and other technology companies. Our solutions are customized to meet the growth thesis without extensive equity dilution. We provide senior debt, subordinated debt and equity investments to companies undergoing rapid growth due to new services, increased adoption and/or entry into new markets. Our firm usually underwrites and holds the entire credit facility.
LATE STAGE LENDING
Golub capital’s late stage lending offers flexible debt to venture-backed, growth equity and other technology companies.
TARGET COMPANY CHARACTERISTICS
- Expanding revenues with minimum recurring or durable revenue of $10 million
- Current earnings may be reduced or negative due to continued reinvestment in growth
- Backed by growth equity or venture capital firms
- Strong customer revenue retention rates
- Diversified customer base
TERMS OF FINANCING
- Facilities from $10 million to $100 million
- Customized and flexible covenant packages
- Golub Capital will typically hold 100% of the credit facility
- Enterprise software
- Application software
- Healthcare IT
- Data analytics
TYPICAL USE OF CAPITAL
- Accelerated growth
- Strategic acquisitions
- Product expansion
- Investor liquidity
- Conversion to SaaS
“Golub Capital’s Late Stage Lending group provided a compelling debt financing that allowed the company to accelerate its growth without meaningful dilution to current stakeholders. The Golub Capital team has significant expertise working with the needs of rapidly growing and expanding SaaS companies, making them excellent partners. Their debt solution is unique as it has a long-term horizon, allows us the flexibility to invest in the business and has greater scale than any other debt product in the market.
HOW CAN GOLUB CAPITAL LATE STAGE LENDING HELP YOUR SAAS BUSINESS GROW?
Golub Capital’s Late Stage Lending offers flexible debt to venture-backed, growth equity and other technology companies. Our solutions are customized to meet the growth thesis of the company without extensive equity dilution.
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