Debt Advisory for Middle-Market Companies
We arrange non-bank debt for operating companies with $5 million to $100 million requirements. The scope covers senior term loans, unitranche, second-lien, mezzanine, asset-based lending, and holdco PIK notes. We run underwriting, targeted lender distribution, negotiation, and closing management so you can get terms that actually fund.
Snapshot:
First pass underwriting in 7–10 business days after full documents and cleared payment. Staged outreach to lenders that fit sector, jurisdiction, and ticket. Term sheet to funds flow with counsel and escrow. Typical execution 5–9 weeks depending on diligence and approvals.
When this service is the right tool
Refinance and extend runway
Replace short-dated or expensive debt with a cleaner structure.
Fund growth and capex
Finance expansion, equipment, and roll-outs with matched tenor.
Recap and shareholder actions
Redemptions, minority buyouts, or cleaning the cap table.
Acquisition support
Support for add-ons, carve-outs, and management buy-ins.
What you get
Underwriting
Credit memo, model, DSCR and sensitivities, covenant plan, security package, sources and uses.
Legal support
Comments to term sheets, intercreditor terms, CP checklist, and coordination with counsel.
Lender distribution
Curated send to private credit funds, specialty lenders, and banks where fit is clear.
Negotiation and closing
Term sheet to funds flow with escrow, lien perfection, insurance, and opinions.
Capital options we arrange
Senior term loan |
24 to 60 months, interest-only period then amortization. Best for strong cash flow and collateral. |
Unitranche |
Single facility replacing senior plus mezzanine. Faster execution for $10 million to $75 million needs. |
Second-lien |
Adds leverage behind an existing senior. Requires workable intercreditor terms. |
Mezzanine |
Subordinated debt with warrants or OID when coverage is tight. 36 to 60 months, light amortization. |
Asset-based lending |
Revolving loans on receivables and inventory. Field exams, borrowing base, and controls apply. |
Holdco PIK note |
Payment-in-kind at the holding company to reduce cash strain at operating company. |
Core terms lenders look for
Leverage and coverage |
Sensible leverage vs EBITDA or asset cover. DSCR and interest coverage with headroom. |
Security and perfection |
All-assets lien or targeted collateral, share pledge, UCC or local filings, control agreements, insurance endorsements. |
Covenants |
Liquidity, leverage and fixed-charge coverage, reporting, no leakage without consent, limits on acquisitions and dividends. |
Conditions precedent |
Clean KYC, lien searches, insurance binders, board and shareholder approvals, officer certificates, opinions, escrow. |
How it works
- Intake:
Submit the form with use of proceeds, structure, security, and timeline.
- KYC:
Sponsor and borrower screening. Invoice issued after preliminary clearance.
- Underwriting:
First pass memo in 7 to 10 business days after full documents and cleared payment.
- Distribution:
Targeted send to lenders matched by ticket, sector, and jurisdiction.
- Closing:
Term sheet to funds flow with counsel, CPs, filings, escrow, and perfection.
Documentation checklist
Item |
Details |
Financials |
Three years historical, TTM, monthly for last 12 months, 24 to 36 month projections. |
Model and sources and uses |
Integrated model with covenant headroom and cash buffers. |
Contracts and collateral |
Major customers and suppliers, leases, IP, asset lists, insurance. |
Corporate approvals |
Board and shareholder approvals, cap table, organizational charts. |
KYC |
Sponsor identity, source of funds, sanctions screening. |
Service tiers
Starter
Deal size |
$5,000,000 to $15,000,000 |
Included |
Analyst and legal support, underwriting, lender distribution, closing checklist |
Onboarding fee |
$40,500 |
Success fee |
2.0% of funded amount |
Growth Most selected
Deal size |
$15,000,001 to $50,000,000 |
Included |
Priority distribution, advanced structuring, lender calls, negotiation through signature |
Onboarding fee |
$81,000 |
Success fee |
2.5% of funded amount |
Enterprise
Deal size |
$50,000,001 to $100,000,000+ |
Included |
Senior partner oversight, full-time analyst, dedicated legal counsel, PR support on request |
Onboarding fee |
$165,000 |
Success fee |
3.0% of funded amount |
Scope and limits
Item |
Details |
Underwriting SLA |
First pass in 7 to 10 business days after full documents and cleared payment |
Legal support |
Up to 10 hours to term sheet. Extra hours at $350 per hour |
Distribution |
Targeted lenders matched by ticket, sector, and jurisdiction |
Eligibility |
Post-revenue preferred, clean ownership, clear source of repayment, enforceable security |
Refunds |
Fees are non-refundable once underwriting begins |
Not a fit |
No DSCR path, fake or incomplete documents, unresolved legal blocks, or sanctions exposure |
Frequently asked questions
How do you price debt?
Based on leverage, collateral, cash flow quality, and structure. Market clears when the story matches risk and lenders can perfect security.
Do you guarantee funding?
No. We are advisors, not a lender. We run a best efforts mandate with underwriting and targeted distribution.
Who pays for third-party costs?
The client pays for legal, QoE, valuations, filings, and any lender-required exams.
Start your onboarding
Submit your intake form. After KYC, your invoice will be issued. Underwriting starts when payment clears.
Submit Intake Form
Financely is not a lender and does not guarantee funding or bank instruments. All mandates are best efforts and subject to underwriting and compliance. Payments must only be made to bank details shown on your official invoice. Beware of unsolicited offers through unofficial channels.