https://techcrunch.com/2021/02/17/heres-why-these-startups-chose-to-raise-debt-instead-of-equity/

When there’s a need for capital, not every startup goes the venture route.

Boast.ai, a company that plugs into business systems and automatically finds them R&D tax breaks, announced Wednesday it has raised a $100 million credit facility from Brevet Capital to advance those R&D incentives.