Founders First Capital Partners
Synopsis
In June 2021, Kim T. Folsom, the founder and CEO of revenue-based financing firm Founders First Capital Partners (FFCP), must decide whether to issue another loan to OnShore Technology Group, an up-and-coming software validation company. FFCP provided revenue-based financing (RBF) to small businesses, with a particular focus on diverse entrepreneurs. OnShore Founder Valarie King-Bailey had previously taken an RBF loan, and had requested a second round of capital from FFCP. The case provides an overview of the advantages and disadvantages of RBF—specifically relative to bank loans and merchant cash advances—and challenges readers to decide whether a second RBF loan would be appropriate for OnShore.
- Copyright:
- 2022 President and Fellows of Harvard College
Book Details
- Book Quality:
- ISBN-13:
- Publisher:
- Harvard Business Publishing
- Date of Addition:
- 2023-01-19T01:10:41Z
- Language:
- English
- Categories:
- Usage Restrictions:
- This is a copyrighted book.