The Economics of Non Bank Venture Debt

So what's a non bank venture debt? Is that like a credit fund? Yeah. Right. So they'll probably price low, low into mid teens with more coverage. But for us, it's kind of mid teens pricing. That's where we end up, you know, cash on cash. And so then so what's the, what does the company pay and what do you kind of kick out? Like what's the kind of like the economics of these facilities?Yeah. I think it's a really underserved underserved market. These kind of earlier stage SaaS companies that can't get bank debt because they don't want venture funding or they doesn't want to be

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