Despite the promising news from yesterday that the Fed is stepping in to help with Silicon Valley Bank, we understand that customers may still experience delays in accessing and moving money—not just in SVB, but also in other banks.
Our community is still suffering, and we still want to help.
Since the markets opened earlier today, in addition to offering our traditional non-dilutive financing, our team has been actively working to offer access to capital in order to help companies specifically refinance their existing venture lines at SVB and other banks.
If you still need emergency funding please apply through this landing page. We are collecting applicants here so that as soon as we are able to offer capital to refinance, we can deploy funds as quickly as possible.
As I’ve said in every update, this is a rapidly developing and changing situation. Our entire team is all hands on deck trying to adjust as quickly as possible to meet not only our customers’ needs, but those of any SaaS founders and their companies.
Please, as always, if you have any questions or concerns about the financing solutions we’re working to offer, or just need a listening ear from a fellow founder, reach out to me directly at miguel@capchase.com.
I will post another update around any major changes, but for the most up-to-date answers and updates, check our FAQs.
All my best,
Miguel
We understand this is a highly stressful situation for you and your company, and we are doing everything we can to help you. We are aiming to provide funding at rates as low as we can considering the risks, market uncertainty, and available pools of capital. Our entire team is working to bring a solution to as many people as possible, but at this time we cannot guarantee funding.