We lend to established, performing companies seeking capital to pursue a significant opportunity.
|Revenues:||$5 – $50 million|
|EBITDA:||$1 – $5 million|
|Operating History:||> 3 years|
|Management:||> 10 years experience|
|Concentrations:||Top 5 customers < 35% sales|
EXAMPLE LOAN TERMS
|Loan Amounts:||$500,000 – $5 million|
|Pricing:||Mid-teens interest rates (cash-pay and accrued)|
|Loan Term:||2 – 5 years|
|Amortization:||Partial or full|
|Equity/Warrants:||None – non-dilutive|
- Companies with under $1 million trailing EBITDA
- Thin equity or all-debt capital structures
- Distressed or turnaround situations
- Startups / venture debt
- Investment real estate
- Consumer finance
- Energy and commodities
- Vice and other non-bankable sectors
Example Process & Timing
2 to 3 days
Initial indication of interest, including a term sheet for presentation to the borrower.
Delivery of formal loan commitment, including detailed terms and closing items.
|3||Closing and Funding||
2 to 4 weeks
Documentation, closing and funding of the transaction concurrent, if applicable, with the senior lender.
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IntraFi Local Credit loans are originated by a lender managed by ILC Fund Advisors, LLC (“ILC”) and are subject to the terms and conditions in definitive agreements to be entered into between a borrower and the lender. All product offerings, services, terms and conditions are subject to change without notice. Not all products and services are available in all geographic areas. This is not a commitment to lend or a guarantee of financing. All loans are subject to receipt of a complete application, credit approval, and other conditions. Products offered are not consumer loans. Terms and process are illustrative only, may not be indicative of the terms or process that may actually result, and are subject to change at any time. Loans may be subject to commitment and other fees, as applicable. IntraFi and the IntraFi logo are service marks of IntraFi Network LLC and are used by ILC pursuant to a license.