Revenue-generating. Companies typically have sales and are growing, which is often the impetus for needing more financial resources, such as funds to smooth trading asset turns, acquire a complimentary business, bridge to a follow-on equity round or strategic partnership, or any other number of operational milestones. This does not mean a company must have already achieved profitable operations, but instead validates that the company’s value proposition is recognized by customers.
Experienced Management/Board. Given the intense nature of business today, having a team of proficient, knowledgeable founders and management is critical to the success of an early or mid stage-company. Moreover, in the situation when a company has formed a Board of Directors, it is imperative that the members are actively involved, offer complementary skills, and can act as a sounding board for the team.
Financing Need of $3 million or less. Montage focuses on providing venture loans of $250,000 to $3 million. As a general rule, most of our portfolio companies are pursuing “capital efficient” business models, which means they have the ability to achieve their business objectives without raising exorbitant amounts of outside debt or equity.
Secured Lien Position. As a provider of loans versus equity capital, Montage financing structures typically include filing of lien positions on borrowing company assets. Depending on the specifics of a particular transaction, Montage works creatively with other lenders and stakeholders to determine an optimal financing structure to meet the needs of the company.
Maturities less than 18 months. Montage venture loans are intended to provide capital for a period of 30 days to 18 months. For this reason, the firm is well positioned to meet a variety of lending needs, including financing to support working capital, acquisitions, management buy-outs, bridge loans to equity events, etcetera. However, in the event the company needs longer-term financing for equipment acquisition or other needs, Montage has a variety of firms that it partners with on a regular basis that provide these complimentary solutions.
How to apply
- Latest 2-3 years fiscal year end financial statements (balance sheet & income statement);
- Most current Interim financial statements;
- Most current aging of Accounts Receivable & Accounts Payable;
- Financial Projections for a minimum of 18 months;
- Latest 2-3 years signed corporate tax returns, including all schedules;
- Detailed capitalization table;
- Business plan;
- Latest customer/investor slide presentation.
- Additional information on request.
