General Info Overview - Tractor Ventures

Tractor funding Summary

Funding process:

We set up a 30min zoom call with the founder to find out about their requirements and whether there is a mutual fit
Customer then completes our online application form which includes Xero integration and 12 month forecasts (takes 5-10min to complete)
We then assess their application in 1-2 weeks and come back with an offer
Once approved we can have funds in their account within 24 hours

Qualification:

Revenue history for 6 months
Average monthly revenue >$50k
Cash runway of minimum 3 months but ideally 6 months
Growing revenue

Typical Structure:

Amount: $100,000 to $1,000,000 with an average of $350,000
Estimated Term: ~ 2 years at the time of funding
set monthly repayments over 18 or 24 month terms, however we can offer shorter terms and longer terms up to 36 months
Security: General Security Agreement (GSA) - AU/NZ

Typical use case:

Growing the sales team
Specific marketing initiatives and campaigns
Extend runway leading into a cap raise
Invest into new technology and development
Delay cap raise to a more favourable time in the future
Expand into new territory (usually the US)