← Back to menu

Capital Raising Scenario Analysis

Compare realistic financing scenarios and understand your constraints

Loading rates...
Company Profile
Financial Metrics
€2.0M
€0.1M€20M
€1.5M
€0M€15M
€0.0M
€0M€50M
€5.0M
€0.5M€50M
15%
-10%50%
15%
0%50%
Loan Structure — drag to shape your repayment profile
Drag the grey dot to set your grace period, the navy dot for total tenor. Zone markers above show indicative thresholds (Senior → Mezzanine → DFI) based on your EBITDA. Live DSCR and leverage update as you adjust.
Total Tenor
7 yrs
Grace Period
2 yrs
Repayment
5 yrs
DSCR (live)
—
€5M
Y2 — Grace endsInterest only
Y7 — Maturity5 yr repayment
Repayment Profile
—
Enter EBITDA and FCF above to see live DSCR
—
Shows total leverage after new debt
Your Preferences
Impact & ESG Profile
Qualifying impact criteria can unlock DFI / concessional financing (Proparco, DEG, IFC, AfDB) for raises above €3M — typically at 4–6% p.a. with longer tenors.
⭐
DFI financing unlocked. Your impact profile (emerging markets + job creation) aligns with mandates from Proparco, DEG, IFC and AfDB. A concessional tranche at 4–6% p.a. with up to 15-year tenor will be included in the scenario analysis.
Existing Debt Schedule — optional, improves accuracy

List your current loans below — this lets us compute real remaining debt capacity rather than using the net debt balance alone.

LenderOutstanding (€M)Rate %Maturity (yr)
Your Financing Options (ranked)
Frequently Asked Questions
DSCR (Debt Service Coverage Ratio) measures your ability to repay debt from operating cash flow. It is calculated as Free Cash Flow ÷ Annual Debt Payments. A ratio below 1.0 means cash flow does not cover repayments — most banks require at least 1.2×, and 1.5× or above is considered comfortable. It is the single most scrutinised metric by lenders when sizing a loan.
Senior bank debt is secured, cheaper, and repaid first in case of default — it has strict covenants and requires collateral. Mezzanine is subordinated debt (junior to senior), carries a higher interest rate (typically 10–15%), and often includes equity warrants or upside participation. It is used to bridge the gap between what banks will lend and what is actually needed.
Development Finance Institutions (DFIs) such as IFC, DEG, Proparco, or BIO provide long-tenor, patient capital — often at softer rates — to businesses operating in emerging or frontier markets with a measurable development impact. Minimum ticket sizes typically start at €3M, and the eligibility and due diligence process is significantly heavier than commercial banking. They are especially relevant for infrastructure, agri-food, healthcare, and energy transition projects.
Leverage ratio (Net Debt ÷ EBITDA) tells lenders how many years of operating profit it would take to repay all debt. Most commercial banks cap this at 3× to 4× for SMEs, though sector, geography, and cash flow stability all influence the ceiling. Real estate and energy projects can support higher leverage; services and tech companies with volatile cash flows are generally capped lower.
No. This tool produces indicative scenarios based on standard market assumptions. It is designed to help you frame a conversation, not replace it. Actual financing terms depend on your audited financials, lender relationships, jurisdiction, collateral quality, and negotiation dynamics. IMERGEA recommends using these scenarios as a starting point and engaging an advisor before approaching any lender or investor.