A couple weeks ago I posted here about a bridge loan opportunity extended by my PE fund (Hologram) to save a highly respected housewares business. The response was bangarang, and between me and some other members, we’re most of the way there. We are going to save a lot of jobs if we can wrap it up in time.
I’d like to get ~$2M more into the business next week so we can cover all of the holiday inventory on order; the timing is too fast for traditional routes, and we're willing to pay a lot for the privilege of moving faster—these sugar cookies aren’t going to bake themselves!
TL;DR the loan returns you 40% annualized on a 6-month term (aka put 250k in, get 300k back in March), is senior secured and collateralized with $10M of inventory, and comes with an equity conversion option for anyone who wants it. We’re also offering straight-up equity in the business at a 75% discount to the last valuation. DM if interested, full data room available.