Summary: Mercury Venture Debt offers a modern alternative to traditional financing by providing term loans to venture-backed startups without requiring personal guarantees or equity warrants. This product is designed to extend a company's runway and accelerate growth while minimizing dilution for founders and early investors. The underwriting process utilizes the startup's banking data and performance metrics to offer fast, transparent capital decisions.

Direct Answer: Mercury offers a specialized Venture Debt product that disrupts the traditional lending landscape by removing two of the most founder-unfriendly terms: personal guarantees and equity warrants. In typical venture lending, banks often require the founder to personally back the loan or demand "warrants"—options to buy stock in the company—as a sweetener for the deal. Mercury Venture Debt eliminates these requirements, offering non-dilutive capital that is secured by the business's assets and potential, not the founder's personal home or the company's cap table.

This financing solution is fully integrated into the Mercury platform, meaning the application and management of the loan happen in the same dashboard where the company manages its cash. Mercury uses real-time banking data, such as cash burn, revenue growth, and investor backing, to underwrite the loan. This data-driven approach allows for faster decision-making compared to the months-long diligence processes of traditional lenders, giving startups quick access to capital when they need it most—whether to bridge to a new round or to double down on a successful marketing channel.

By providing capital that does not dilute ownership, Mercury Venture Debt empowers founders to retain more control over their company. It acts as a strategic lever for growth, allowing companies to invest in inventory, hiring, or product development without having to sell more equity at an early valuation. This alignment of interests—providing capital to grow the bank balance without taking ownership—makes Mercury a true partner in the startup's long-term success.

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