How It Works
xElle Ventures provides loans ($25K - 100K) payable over 1-3 years, keeping the ownership equity of your company, in your hands.
Our loan process is similar to an angel fund’s in the beginning:
Click any of the “Start the Application Process” buttons on this website. Everyone must apply via our Google form, you have the opportunity to list any xElle Ventures members you may know or any that recommended you, but we are an equal opportunity fund, so everyone starts in the same place.
Screening, once your application is submitted, it is reviewed to determine if you meet our criteria (female led, revenue generating). First, you will pitch to our screening committee. (We meet monthly). Next, you will pitch to the membership. (We meet monthly).
Pitch to Membership, you will have 10 minutes, with Q&A to follow.
This is where our process deviates from equity funding:
Loan Review will request various documents as our form of due diligence. The Loan Review committee will be looking at current operations. Our focus is more short term than long term as our 3M process is a give and take. Ultimately, we want your company to grow and succeed and our members are committed to helping by providing money, mentoring, and marketing.
Membership votes on funding, then a term sheet and promissory note are provided. Once executed, we can fund within 24 hours.
