Shareholder loan

Debt capi­tal provi­ded to the company by one or more of its share­hol­ders. Conver­ti­ble loans from share­hol­ders, which the company recei­ves to cover its liqui­dity requi­re­ments, often in the run-up to a finan­cing round or between two finan­cing rounds, are well-known in the VC market.