Eastward partners6/27/2023 The ultimate goal of the review process is to fashion a unique loan product which meets the unique needs of the company. Discussion of the ultimate exit plans including potential acquirers.Status or future timing of any fundraising efforts.Current and forecasted financial results.An overview of the products, target markets and competitors.During the presentation, the management of the company will provide the Eastward team with: As part of Eastward’s initial due diligence process, the team will review information including investor presentations, financial statements, and the company’s equity structure.Īs a next step, the company will make a presentation to the entire Eastward team. This approach is unlike that used in evaluating traditional bank loans where the lender focuses on the collateral and profitability of the company. Typical covenants include cash covenants (significant minimum cash balances) or profitability/revenue covenants (minimum sales levels or profitability requirements).Įastward’s loan review process focuses on the value which has been created thus far by the company as well as understanding the future growth curve of the company. EP was founded with a focus on delivering talent acquisition solutions that lead to immediate and sustainable results within Management Consulting, Strategy, Corporate. Industry: computer hardware computer networking computer software e-commerce information. Failure to remain in compliance with covenants can lead to greater control of cash balance or operations or additional fees to amend existing debt agreements. Eastward Partners Inc is a venture backed Executive Search and Human Capital Consulting firm in New York City. Traditional banking facilities often include significant covenants, which the company must comply with and document on a monthly basis. Eastward also conducts quarterly discussions with Senior Management to provide further monitoring of a portfolio company. Eastward Capital Partners Venture Debt Partner YOUR DREAM OUR CAPITAL Eastward works with entrepreneurs and equity sponsors to provide companies with compelling solutions to their lending needs. After funding of a facility, the company provides Eastward with the same financial and operational reports provided to the Board of Directors rather than submitting additional monthly covenant compliance reports. The terms of the loans made available between Eastward and a traditional bank may be significant and should be carefully reviewed.Įastward loan facilities are covenant light or do not include any covenants. Many companies evaluate the difference between venture debt and bank debt.
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