Loan Ranger
One VC firm is lending a helping hand to fledgling companies.
Early stage investing recently took a new turn when Charles River Ventures announced it would be issuing bridge loans for seed-stage and startup companies. Entrepreneurs can now apply to CRV for unsecured small business loans of up to $250,000.
Although CRV is one of the oldest early stage venture funds in the country, rolling out a loan program for seed-stage companies breaks with several traditions: Seed-stage investing has long been the realm of angel investors, and loans the dominion of banks. Mixing the two within a venture fund breaks new ground.
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