Lipa Later sought $5 million from UK lender two weeks after entering administration
A term sheet seen by TechCabal shows the company sought a $5 million facility from UK-based Advanced Global Capital (AGC) in April to support its invoice factoring business. The proposal outlined a 36-month term loan with a steep annual interest rate of 14% on funds drawn—interest-only for the first 24 months, with quarterly repayments kicking in from the 27th month.
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Lipa Later sought $5 million from UK lender two weeks after entering administration
A term sheet seen by TechCabal shows the company sought a $5 million facility from UK-based Advanced Global Capital (AGC) in April to support its invoice factoring business. The proposal outlined a 36-month term loan with a steep annual interest rate of 14% on funds drawn—interest-only for the first 24 months, with quarterly repayments kicking in from the 27th month.
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