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Updated 26 days ago on . Most recent reply

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John C.
39
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50
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Use Nectar Funding Experience

John C.
Posted

Does anyone have Experience with Use Nectar Funding. Apparently they take preferred interest in your company or have you sign a UCC cash flow agreement. This allows you to access some of your equity without needing to refinance your first positions. They call it a fee, but it's effectively 22 percent interest.

Any experience with them or thoughts in general?

Most Popular Reply

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Chris Seveney
  • Investor
  • Virginia
15,366
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@John C.

What are you using them for? What’s the purpose of the loan and what is the collateral?

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

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