Venture debt: costs & 9 providers (2026)

How it works

A term loan to VC-backed companies, sized off your last equity round.

Best for

Extending runway 6–12 months after a priced round.

Watch out for

Needs institutional investors. Warrants, end-of-term fees, covenants, blanket lien.

At a glance

Family	Non-dilutive debt & advances
What gets underwritten	Your company & investors
Collateral	All company assets
How you repay	Interest-only then amortize
Dilution	Small (warrants)
Typical pricing	About 10.5–15% a year (flat fee or APR) plus fees and warrants for some lenders
Typical time to cash	About 4 weeks to about 2 months
Good for	Extending runway · Growth spend

Venture debt providers compared

Sorted by the low end of the estimated rate as of today. Your actual cost depends on your revenue, credit profile and term — the calculator works it out for you.

Provider	Estimated as of today	Time to cash	Typical size	Requirements	Regions
Western Technology Investment Venture debt	Rates shown to approved members estimated	About 4 weeks	About 30% of your last equity round	Minimum raise $1M · Institutional VC backing	US
Hercules Capital Venture debt	Rates shown to approved members reported	About 6 weeks	About 30% of your last equity round	Minimum raise $5M · Institutional VC backing	US
TriplePoint Capital Venture debt	Rates shown to approved members reported	About 6 weeks	About 30% of your last equity round	Minimum raise $3M · Institutional VC backing	US
Trinity Capital Venture debt & equipment	Rates shown to approved members reported	About 6 weeks	About 30% of your last equity round	Minimum raise $2M · Institutional VC backing	US
Horizon Technology Finance Venture debt	Rates shown to approved members estimated	About 6 weeks	About 30% of your last equity round	Minimum raise $1M · Institutional VC backing	US
Partners for Growth Venture & growth debt	Rates shown to approved members estimated	About 6 weeks	About 30% of your last equity round	Institutional VC backing	US · Global
Runway Growth Capital Growth-stage debt	Rates shown to approved members reported	About 2 months	About 30% of your last equity round	Minimum raise $10M · Institutional VC backing	US
Claret Capital Partners Growth debt	Rates shown to approved members estimated	About 2 months	About 30% of your last equity round	Institutional VC backing	UK · EU
Columbia Lake Partners Growth debt	Rates shown to approved members estimated	About 2 months	About 30% of your last equity round	Institutional VC backing	UK · EU

Head-to-head comparisons

Hercules Capital vs TriplePoint Capital Trinity Capital vs Horizon Technology Finance

Is venture debt right for you?

See how it stacks up against every other way to raise — priced for your amount, revenue and timeline.

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Other funding types

B2B BNPL & buyer financing Net terms & trade credit Revenue-based financing SaaS term loans & credit facilities Venture banks SBA & small-business bank loans Traditional bank loans & lines Online lines of credit & term loans Invoice factoring & AR financing Embedded & processor capital Capital marketplaces Corporate cards (spend float)Customer-funded Equity investors Equity crowdfunding Accelerators Grants & tax credits

Rates are estimates as of today, not a lender's quoted interest rate. Not an offer of credit, investment, legal or tax advice. B2B Agent may receive a referral fee when we introduce you to a provider; it never changes rankings or what we publish. Lenders: send your current terms so we can refresh the estimate, which also makes you eligible for the Transparent Pricing and Lowest Rate awards. Update your listing.