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How Long Does It Take to Get a Term Sheet From a Fintech?
Piermont has been working with Square for a few years. How long does it take if they start talking with Piermont and both sides are able to engage in timely manner, how long should folks expect to go from that initial conversation to maybe to a term sheet? The answer I'm going to give is the answer that everyone hates but it depends on the fintech or the company that we're talking to. We typically see companies take anywhere from two to three months while much faster ones get things up and running in less than a month.