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Venture debt or venture lending or "venture leasing" is a type of debt financing provided to venture-backed companies by specialized banks or non-bank lenders to fund working capital or capital expenses, such as purchasing equipment. Unlike traditional bank lending, venture debt is available to startups and growth companies that do not have positive cash flows or significant assets to use as collateral. Venture debt providers combine their loans with warrants, or rights to purchase equity, to compensate for the higher risk of default. ==Types of venture debt== Venture debt is typically structured as one of three types: * Growth capital: Typically term loans, used as equity round replacements, for M&A activity, milestone financing or working capital. * Accounts receivable financing: borrowings against the accounts receivable item on the balance sheet. * Equipment financing: loans for the purchase of equipment such as network infrastructure. The venture lender effectively piggybacks on the due diligence done by the venture capital firm. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Venture debt」の詳細全文を読む スポンサード リンク
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