Oxford Finance Corporation offers two principal loan products to its life science customers: equipment loans that are secured by a lien on specific equipment and other assets, and "all-asset" loans that provide unrestricted growth capital secured by a blanket lien on all of the assets of the borrower. Repayment tenors are typically in the three to four year range for both products. Oxford usually requires an "equity kicker" from borrowers in the form of warrants for common or preferred stock.
Oxford Finance Corporation and Silicon Valley Bank Close $12 Million Secured Loan Agreement With Medivance, Inc.
Aug 10, 2008; Oxford Finance Corporation and Silicon Valley Bank, Inc., announced they have finalized an agreement with Medivance, Inc. to...