The hard part lately (last couple years) seems to be that when you have business traction it's still slow to get capital to expand. Can't get it from a bank. Ge

The hard part lately (last couple years) seems to be that when you have business traction it's still slow to get capital to expand. Can't get it from a bank. Getting from a VC is slow. Getting from angels works if you need $100k but not if you need $800k, and angels are ironically more likely to give you money if you have no revenue but a promising idea (since if you are actually headed up the hockey stick, your valuation is higher than they want.) I've encountered a handful of companies that (claim to) have multi million dollar contracts on the table that they need $500k-$1m to execute on and can throw that off in the first year's profit. I'm intensely surprised there isn't more of a factoring type solution that provides asset-backed contract-backed warrant-sweetened lending at credit card like rates. Sort of an alternative asset class to the Series A/B raises. In fact, if anyone out there wants to put $3-5M to work that way I bet I can matchmake you with five companies in a month. (Revenueloan and On Deck Capital are the right ballpark, but don't count. Revenueloan only wants to talk to you when you already have three big deals and want capital to spin up your fourth, and On Deck is looking to do loans an order of magnitude smaller.)