2 ms·
Yes. Depends on terms. But I know of a few that can have their entire credit line called for SVB as part of the bank's closure if needed. Kind of wild.
by roflyear 4y ago
Yes. Depends on terms. But I know of a few that can have their entire credit line called for SVB as part of the bank's closure if needed. Kind of wild.
- smileysteve 4y agoMore importantly, having those lines of credit available between accounts receivable/payable terms or as a gap between rounds is key. For a non San Francisco based startup, my previous cos, line of credit could provide 1 year of opex at the time of a funding round