FAQ

Unlike VCs, we fund without taking an ownership stake in your business. We don’t ask for complicated terms that restrict your ability to make the right decisions. And unlike traditional lenders, we don’t require collateral or personal guarantees, so you don’t have to risk your home to fund your company. Throughout the entire process, our goal is to be transparent, quick, equitable, and founder-friendly.

Getting funded by Enduring Planet is easy. Create an account with us here, submit your information, connect your financials, and get a term sheet in under a week. Once you review and agree to the terms, we finalize diligence, cut definitive docs, and fund the deal in just a few weeks! Our entire process typically takes <30 days.

We charge a 1.5% origination fee at closing. That’s it.

Yes! Your term sheet is completely non-binding. Neither party is under an obligation to fund or receive funding until definitive documents are signed.

We are partners, not just lenders. If you’re successful, so are we, and we’re constantly adding resources to support founders. We have a deep network of VC partners with whom we share deal-flow and service providers who offer discounts to our portfolio companies. Once we fund the deal, we’ll reach out and set up a kickoff meeting to understand your needs and figure out how we can help.

Given that we lend without security (collateral, personal guarantees, liens, etc), we require real-time access to your financials to underwrite and service the loan. We manage your connections through a secure service called Codat, with all data encrypted (in transit and at rest) and stored securely on AWS. If you’d like to learn more about how we manage your data, check out our Privacy Policy.

Repayment of your government advance starts after the government agency makes their first payment on your grant or contract. We typically complete our draw within a week of government payments reaching your bank accounts and continue to do so until Principal (and any accrued Interest) is repaid.

We back climate entrepreneurs of every kind. With our government advance, we invest in any climate startup or business that has either (a) won a grant from State or Federal government or (b) sells their product or service to State or Federal government – you can review the funding criteria here.

NOTE: At this time, we are unable to fund sole proprietorships where finances are co-mingled with personal accounts of the founder. All banking/payment processing/accounting MUST be individually managed for the business.

Currently, Enduring Planet only funds US-based companies with US bank accounts, but that may change in the future. If you think your business is a good match, we'd still love to connect so that we can let you know when we expand outside of the United States.

Our investment process is quick and efficient. Create an account with us and complete the initial application (~10 mins). We then review, qualify the opportunity, and offer you a non-binding term sheet within a week (if you connect your financials). Once the term sheet is completed, we go into deep diligence with 1-2 additional document requests and no more than 2 hrs of calls to address open questions. We then issue definitive documents and fund the same day once signed. Typically, the entire process takes no more than 30 days.