Funding Terms Made Simple

Debt Term

Unsecured loan

An unsecured loan is a type of loan that does not require collateral to secure the loan – that is (for example) with an unsecured bank loan you don’t have to promise to give the bank your house if the loan is not...

Equity Term

Term sheet

Equity investors summarize the major terms associated with an equity investment on a term sheet. Legally it is a non-binding agreement used to clarify important details that when agreed upon will be used to create a...

Grant Term

Application

A formal request – an application – guides you to provide the specific information needed to determine if you qualify for and are the most competitive applicant to receive funding. Applications are used for virtually...

Equity Term

Liquidation preference

Liquidation preference is one of the key economic terms of preferred shares from venture capital firms and angel investors. The basic idea is that investors get paid first if the company is sold. Liquidation preference...

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