by levi_hb | Aug 8, 2024 | 2024
By Peter Blumberg, Vice President of Originations Our world has become a place of self-serve, automations and algorithms to help business move quicker and more efficiently. Unfortunately, that comes with a bit less humanity. At SWK, we pride ourselves in creating...
by SWK Holdings | Sep 27, 2023 | 2023, archive
Guest Column | September 27, 2023 By Jody Staggs, president and CEO, SWK Holdings Small life science companies are the driving force behind groundbreaking medical innovations that have the potential to transform lives. Yet in a market with strong headwinds, securing...
by SWK Holdings | Sep 21, 2023 | 2023, archive
Introduction The SWK underwriting process generally consists of an approximate four-week diligence period followed by an approximate four-week legal documentation process. Key steps in SWK’s process include data review, key opinion leader (“KOL”) calls, customer...
by SWK Holdings | Jul 6, 2022 | 2022, archive
Guest Column originally published in Outsourced Pharma, June 29, 2022 The Federal Reserve’s move to raise interest rates to battle inflation – now running at approximately 8% annually – has altered the risk and return for investors who are dealing with rising...
by SWK Holdings | Jun 30, 2022 | 2022, archive
The primary motivation for growth stage companies to explore venture debt as a source of funding is to avoid the dilution that results from a round of equity financing. While venture debt will certainly be much less dilutive than an equity raise, prospective borrowers...
by SWK Holdings | Dec 17, 2021 | 2021, archive
At SWK, we believe that financial covenants and the process of setting mutually agreeable covenant levels play an important role in the lender/borrower relationship. A lender’s willingness to engage in the discussions and accommodate the requests outlined herein...
by SWK Holdings | Nov 15, 2021 | 2021, archive
Factors to Consider When Choosing a Lender The four corners of the credit agreement will contain all of the important contractual terms and conditions to which a lender and borrower have agreed to be bound. The language will dictate what is required of each party in...
by SWK Holdings | Sep 28, 2021 | 2021, archive
Capacity is one of the five C’s of credit which refers to a borrower’s ability to repay a loan’s principal and interest. For early-stage companies, the capacity to repay is markedly more uncertain than for larger, more established businesses. The presence of...
by SWK Holdings | Sep 8, 2021 | 2021, archive
As underwriting standards loosen during periods when capital markets become increasingly favorable to borrowers, an easing, or outright elimination of financial covenants invariably follows. Regardless of the lending environment, credit agreements will contain...
by SWK Holdings | Feb 21, 2019 | archive, Case Study
In December 2012 SWK acquired a limited partnership interest in Holmdel Pharmaceuticals Holmdel subsequently acquired the U.S. marketing authorization rights to InnoPran XL, a non-selective beta blocker using dosing technology to provide maximum active ingredient...
