> For the complete documentation index, see [llms.txt](https://docs.techdollar.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.techdollar.com/overview.md). # Overview Techdollar provides structured credit to employees, founders, and investors holding vested equity in leading frontier technology companies. Borrowers raise cash against their private shares without selling, without triggering a taxable event at funding, and without giving up any upside. The full process, from application through underwriting, funding, servicing, and repayment, is built to be fast, confidential, and grounded in observable secondary-market pricing. Borrowing through Techdollar is not publicly self-serve. Loan availability and terms are determined through manual underwriting against the specific company and collateral. Every loan is documented through traditional legal instruments and secured by a protected security interest in the pledged shares. ## Who is eligible to borrow Techdollar lends to individuals with vested equity in late-stage private companies that have active secondary-market interest, institutional backing, and a credible path to liquidity. Borrowers are typically employees, founders, and early investors at top AI, payments, robotics, aerospace, and defense companies. The platform does not lend against speculative positions, unvested grants, or equity in companies with no observable secondary-market reference price. The typical borrower holds a meaningful but not institutional-scale position, the segment where traditional lenders decline to quote because the collateral falls below their size thresholds or is mispriced as venture exposure rather than hard collateral. Techdollar is built specifically for that gap. ## How the loan process works {% stepper %} {% step %} ## Application The borrower starts by applying through the platform. The application is self-serve, takes roughly fifteen minutes, and is fully confidential. Techdollar does not contact the borrower's employer at any point. Document gathering is self-served and can be completed in under five minutes, and the in-platform calculator returns an accurate estimate of the expected offer before any manual review begins. {% endstep %} {% step %} ## Underwriting Techdollar then underwrites the position in-house. Underwriting evaluates the company's secondary-market activity and pricing, its last fundraising round, IPO timeline visibility, and institutional backing. Risk assessment begins at the company level, which is what allows fast turnaround. Ownership of the shares and the enforceability of the share charge are verified by RSM, a top-ten national CPA firm, prior to any loan issuance. {% endstep %} {% step %} ## Term sheet Once underwriting is complete, the borrower receives a term sheet. The loan is calibrated to the strength of the company and the depth of its secondary market, with loan-to-value typically ranging from 20% to 60%. Stronger collateral, defined by OTC pricing above the last round and active secondary demand, supports higher LTV. Earlier-stage or thinner-traded names sit lower in the range. {% endstep %} {% step %} ## Acceptance and agreements On acceptance, the borrower signs the loan and collateral agreements. These are standard legal instruments. The shares remain in the borrower's name. Techdollar holds a protected security interest, not ownership. Transfer of the shares occurs only on a qualifying default. {% endstep %} {% step %} ## Funding The loan is then funded and cash is disbursed. The borrower's shares stay exactly where they are. There is no sale, and therefore no taxable event at funding. {% endstep %} {% step %} ## Servicing and repayment The borrower services the loan over its term and repays at maturity. Facilities run 6 to 18 months. Repayment is due at the end of the agreed tenor. A liquidity event, an IPO or acquisition, gives the borrower a clean way to repay early from proceeds, but repayment is not contingent on one occurring. {% endstep %} {% endstepper %} ## Loan terms Pricing is collateral-dependent and set at origination based on the company, the depth of its secondary market, and the loan-to-value ratio. Loans carry a double-digit coupon serviced monthly on the outstanding balance, a 2% origination fee at funding, and a 2% close fee at repayment. There is no prepayment penalty; borrowers who repay early reduce their total interest cost. LTV is set conservatively relative to where the collateral could be sold in a downside scenario, which keeps borrowing economically rational for the borrower even in a repricing or forced-sale environment, and preserves strong protection for the loan book. ## How collateral is valued Techdollar marks collateral against live secondary-market data rather than stale funding rounds. As a Caplight partner, the platform streams continuous NAV on pledged positions through a secondary-market API integration, giving real-time visibility into collateral value and into how a position of a given size would be absorbed by the market. This continuous mark is what makes pre-IPO equity viable, mark-able collateral rather than speculative exposure. ## In the event of default If a borrower fails to meet their obligations, a qualifying default event is triggered and Techdollar takes transfer and ownership of the pledged equity. Ask-side orders are deployed across secondary venues, Caplight, Hiive, Setter, Secondlane, FalconX, and direct UHNW buyers already active in these names, at prices set to offload quickly. Because Techdollar only underwrites companies with demonstrated secondary demand, collateral is typically sold in days rather than weeks. Once the sale settles, the loan principal and interest are made whole. Where a longer interval occurs between default and sale, interest continues to be serviced through settlement, particularly where the asset is mispriced and Techdollar elects to wait for better conditions. Borrowers retain no claim on any spread above the loan obligation; that spread belongs to Techdollar. ## Getting started Borrowing through Techdollar begins with an application on the platform. The team conducts preliminary diligence on the company, the position, and ownership, and presents terms on approval. The borrower's employer is never contacted, and the arrangement stays between the borrower and Techdollar. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.techdollar.com/overview.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.