The following purposes are not permissible for financing using working capital. This list is subject to change.
Note: While funds may have been used for these purposes in the past, they are not eligible and will no longer be permitted.
Payroll including but not limited to:
W2 payroll
Expense reimbursements
Bonuses
Employee sales commission
Founder payments
Property including but not limited to:
Rent (3PL/warehouses are exempted)
Lease (3PL/warehouses are exempted)
Debt collections
Debt repayment (other lenders)
Charitable contributions
Investment related transactions including but not limited to:
Promissory note payments
Management fees
Attorney Fees
Payments to related entities