What makes Enduring Planet different?
Unlike VCs, we fund without taking an ownership stake in your business. We don’t have complicated terms that restrict your ability to make the right decisions. Unlike traditional lenders, we don’t ask for collateral or personal guarantees, so you don’t have to risk your home to fund your company. And unlike a standard loan, our revenue-based financing (RBF) is based on a fixed percentage of revenue; if you have a rough month, we ride it out with you. Throughout the entire process, our goal is to be transparent, quick, equitable, and founder-friendly.
How do I get funding?
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.NOTE:
if you’d like to hold off on connecting accounts prior to getting a term sheet, we can take a more manual approach and still issue a term sheet in under 2 weeks. We will request additional documents through our portal once we’ve had a chance to review your initial submission.
Are there any fees?
We charge a 1% origination fee at closing. That’s it.
Is the term sheet non-binding?
Yes! Your term sheet is completely non-binding. Neither party is under an obligation to fund or receive funding until definitive documents are signed.
Is there anything else I get other than $$?
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.
Why do I need to connect my accounts?
We calculate your funding offer based on your company’s financial performance. In doing so, we remove the bias from traditional funding. No pitches, no pressure; our offers are solely based on your achievements. 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
How does repayment work?
Repayment begins the month after we sign definitive docs. We draw our revenue share percentage every month, typically within the first week. Payments are automatically debited from your bank account and we send a clear invoice showing all of our calculations so there are no surprises.
What kinds of companies does Enduring Planet fund?
We back climate entrepreneurs of every kind. With revenue based financing, there are a few key criteria, which you can find here
. However, we’re already developing additional products that allow us to support a greater diversity of startups.NOTE:
we are unable to fund sole proprietorships at this time where finances are co-mingled with personal accounts of the founder. All banking/payment processing/accounting MUST be individually managed for the business.
Do you fund companies outside of the US?
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.
What does the investment process look like?
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 docs and once signed, fund the same day. Typically the entire process takes no more than 30 days.