Don't sell equity
to fund a
purchase order.
SPV I finances the working capital gap that sits between a signed order and the day you get paid. Purchase orders, receivables, inventory in transit, commodity-backed positions. Self-liquidating facilities on 30–180 day cycles, underwritten by an operator who has physically executed these transactions across six corridors since 2005 — not by a credit model that has never seen a bill of lading.
Equity is the most
expensive way to fund
a 90-day gap.
Early-stage companies with real orders routinely raise dilutive capital to cover a timing mismatch that resolves itself in a quarter. The round gets priced off a moment of cash weakness, and the founder pays for that timing for the life of the company.
You win the order
A creditworthy buyer issues a confirmed PO, or you complete a shipment and invoice on net terms.
The gap opens
Suppliers, freight, and duties are payable now. The buyer pays in 30–90 days. The gap is cash you do not have.
SPV I funds the gap
A facility sized to the transaction, secured by the order or receivable, priced to the cycle — not to your cap table.
It self-liquidates
The buyer pays. The facility clears. Your ownership is unchanged and the line is available for the next cycle.
Who this is for —
and who it isn't.
We would rather be direct at the top of the funnel than waste a founder's month. Read this honestly before you apply. A "no" here is not a judgment on your company; it is a statement about what this particular vehicle is built to finance.
You move physical goods
Agri commodities, food and ingredients, base metals, energy products, electronic components, packaged consumer goods. Anything with a bill of lading, a warehouse receipt, or a verifiable title chain.
You have a named counterparty
A confirmed purchase order or an issued invoice against a buyer whose credit we can assess. The strength of the facility rests on your buyer's ability to pay, not only on your balance sheet.
You are in our corridors
United States, India, UAE and the wider GCC, Singapore, Vietnam, Taiwan, and selected African markets. Corridor familiarity is what lets us underwrite quickly and price sensibly.
Pre-revenue software
No orders, no receivables, no collateral means nothing for a self-liquidating facility to liquidate against. Talk to SPV II about equity instead.
General runway funding
We finance identified transactions, not payroll, burn, or a general corporate purpose. If the use of funds cannot be tied to a specific order or receivable, this is the wrong instrument.
Restructuring existing debt
SPV I funds new commercial activity. Refinancing distressed obligations, paying down other lenders, or bridging an unresolved dispute is outside the mandate.
The shapes this
usually takes.
If your situation resembles one of these, the conversation will move quickly because we have financed the pattern before. If it resembles none of them, describe it plainly in the form and we will tell you honestly whether it fits.
First large order from a national buyer
You have spent two years selling to regional accounts and just landed an order four times your monthly volume. Your supplier wants payment against proforma. Your buyer pays net-60.
Growth capped by collection terms
Every rupee or dollar of growth is locked in receivables for 60 days. You can sell more tomorrow but cannot buy more today. The constraint is terms, not demand.
Inventory in transit or in store
Goods are bought and moving, title is clear, and the sale is contracted or highly probable — but the capital is immobilised for the length of the voyage or the storage period.
Seasonal or harvest-cycle build
Procurement is concentrated into a short window while sales are spread across the year. You need to fund the window without raising a round timed to your weakest cash month.
First export shipment
A new corridor brings documentation, duties, freight prepayment, and an unfamiliar counterparty. We have operated these corridors as a principal and can underwrite the trade, not just the paper.
Repayment that tracks collections
Revenue is real but lumpy. A fixed amortisation schedule would break in a slow month. Repayment sized as a share of collections fits the business as it actually behaves.
From application
to facility.
A short, honest process with a real answer at each stage. We will tell you no quickly if the answer is no, and we will tell you what would change it.
Submit
Complete the form below. It takes about ten minutes if you have your order or invoice detail to hand. No deck required.
Initial read
We assess corridor, counterparty, collateral, and cycle length, and come back with a straight yes, no, or a specific question.
Diligence
Transaction documents, counterparty verification, collateral confirmation, and sanctions and KYC screening on all parties.
Facility terms
Structure, pricing, security, and drawdown mechanics documented and agreed. Deployment follows execution.
What to have ready
- The purchase order, contract, or invoice the facility would fund
- Names of the buyer and supplier, and how long you have traded with each
- Last twelve months of revenue and the gross margin on the transaction
- Certificate of incorporation and beneficial ownership detail for KYC
- Where the goods are, who holds title, and how they are insured
How we underwrite
- The counterparty first. Who pays, and what is their record of paying?
- The collateral second. Is title verifiable and is the security enforceable?
- The corridor third. Do we know the route, the documents, and the risks?
- The operator fourth. Have you run this transaction type before?
- Sanctions and KYC throughout. OFAC screening on every party, no exceptions.
Tell us about
the transaction.
Answer as precisely as you can. Specificity is what lets us give you a real answer instead of a meeting. Submitting opens a pre-filled email in your mail client so you keep a copy of exactly what you sent.
Ram N Ramachandran
Managing Member, InUSA Capital LLC
Send commercial facts, not secrets. Submitting an application does not create a confidentiality obligation, a lending commitment, or any relationship between us. Please do not include trade secrets, proprietary technical material, or personal data beyond what is asked for.