SVB's plight has dealt a heavy blow for startups in critical operations. Startups have been responding to make options available for startups seeking emergency funding. We've tracked the following resources for a lifeline support as things get sorted by the powers-to-be.
Update from the US Fed: Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer....no losses will be borne by the taxpayer. federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
1. Angellist Lifelife agreement and Bank account: https://lnkd.in/e7sRXxXm Sumukh Sridhara AngelList
2. BREX (US based) emergency bridge loan
https://lnkd.in/eZPb5S-s
Brex Henrique Dubugras
3. Uncapped (UK based) emergency funding for payroll and emergencies. Email: svb-support@weareuncapped.com
Uncapped #revenuebasedfinancing
https://lnkd.in/eDm8NVqX
4. Capchase - emergency payroll financing
https://lnkd.in/ezwMjz7W
Capchase
5. GetVantage // Innovative Funding (India) - Up to $250k non-dilutive short-term working capital within 48hrs
https://bit.ly/403D8SN
GetVantage // Innovative Funding Karun Arya