Assumes you can get a loan, and that the cost of capital of said long won't have an equity like instrument attached as a "kicker". Think SVBs venture debt and

Assumes you can get a loan, and that the cost of capital of said long won't have an equity like instrument attached as a "kicker". Think SVBs venture debt and the 0.25% warrant attached to sweeten the return. Also covenant package, personal guarantee, etc.