If your microcap issuer is looking for short-term capital, but hesitant to entertain convertible notes, JMJ Financial’s new Term Loan structure might be an ideal solution.
Our Term Loan is a short-term note designed for companies that have the ability to repay within a few months. This note has no prepayment penalty, allowing the issuer to repay at any time during the term by paying the principal, the standard origination fee and interest. And if repayment is made within the first 90 days, we can sometimes waive the interest!
The Term Loan only becomes convertible if the issuer goes into default.
This structure is ideal for issuers needing short-term bridge capital. For example, an issuer may need to finance inventory for orders or seasonal volume, might be awaiting the closing of an investment round or has unusually large outstanding receivables. Amounts as little as $50,000 are available, although most notes are substantially larger.
And your issuer will also benefit from working with a solid, reliable firm that has been around for over 15 years. JMJ has the capital and expertise to remain a valued partner over time, having helped many companies grow, prosper and uplist to national exchanges, meeting their capital needs along the way. As we invest the personal capital of our founder and portfolio manager, we aren’t subject to the whims of limited partners, investment committees and underwriters. We can move quickly, often funding within a week.
Contact us and we can discuss whether this structure, or one of our other innovative programs, can help your issuer succeed.