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Businesses have different financial needs depending on whether they are at the start-up, growth, or maintenance stages in their development. Many clients wonder about the actual or potential advantages for utilizing a particular type of financing versus the immediate and on-going costs associated with such financing.
During challenging economic conditions, it is tempting for smaller or less experienced companies who require external financing for working capital and growth to leap at the first couple financing term sheets which are offered. We recommend that clients ask an experienced advisor to review such documents as the less-than-favourable nature of some of the financing terms is not always apparent. Recently, we have provided legal advice on the following matters: review of preferred share and warrant financing terms for two different software companies; convertible debt offering; and debt offering.
If you are raising debt or equity financing for your business, please click here to access some information which we hope will answer some of your questions. Please contact us to receive further information about our legal services or to arrange for a confidential initial consultation about your legal issues.
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