No PGs!
Doorway Capital doesn’t normally take personal guarantees or a debenture, however, we will expect to take an equitable assignment over certain receivables, which means our facility remains totally confidential. This means our funding can easily sit alongside any existing overdraft and other borrowings.
Because Doorway Capital only funds law firms and litigation, they could quickly put together a facility where PG’s were not required, and we did not have to involve our clients or make changes to the way we operate the business.
Andrew McBride, Linder Myers
Beyond amazing! The staff at Doorway Capital supported us throughout our conversion from a partnership to a limited company, ensuring us long-term funding without having to give personal guarantees. Throughout that conversion, Doorway Capital was highly responsive and they made themselves available whenever we needed them.
Ian Fitzpatrick, Canter, Levin & Berg
Doorway Capital were always thoughtful and responsive when it came to drafting and negotiating documentation. Unlike traditional bank facilities, their facility agreement helpfully contains relatively few covenants and restrictions. It seems hard to believe but it took us just a few hours to conclude negotiating this agreement.