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What banks offer revolving credit facilities for early stage companies?

Vanessa Kruze, CPA, is a leading expert in startup taxes and tax compliance. Her team at Kruze Consulting has filed thousands of tax returns for companies that have raised billions in VC funding, and her work has been diligenced by leading VCs, attorneys, and M&A teams at the largest technology companies.
Vanessa Kruze, a highly-experienced CPA, brings valuable tax expertise to startups, drawing from her rich background at Deloitte Tax and as a financial controller for a $20 million startup. As the leader of Kruze Consulting, recognized multiple times in the Inc 5000 list, she specializes in navigating the complex tax landscape for startups. Her firm is known for delivering precise and strategic tax solutions, delivering tax credits utilizing advanced tools to ensure compliance and optimize tax benefits for startups throughout the United States.

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The core players in bank financing for start ups are Comerica, City National Bank, Square One, and Bridge Bank. Wells Fargo, bless their heart, is always telling startups they are getting I tot he game but can never actually produce a term sheet. The first five I listed are the banks who are likely to give your start up accounts receivable financing but you need to have the receivables to collateralize that loan.

There is another class of lender that provides loan financing to startups which is a little more flexible to use but more expensive. These groups like WTI, Triple Point, and Hercules will do bigger loan sizes and don’t need to be collateralized by the Accounts Receivable. These lenders are lending off of the company’s enterprise value and your ability to raise more equity funding 12–18 months from now.

We go into depth in our Venture Debt page about the various lenders who play well with venture capital portfolio companies. We also have written articles about the best credit cards for startups and the best business banks for funded companies, and checklists on moving banks. Please just don’t pick the random big bank down the street - go with someone who is well capitalized and safe, bonus points if they understand VC funded companies! 

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Venture Debt Startup Banking Venture Capital
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