The Most Helpful SVB Crisis Resources for Founders

The Silicon Valley Bank crisis has sent shockwaves through the tech industry. If you're reading this resource, you don't need the backstory on what's occurred.

There are many roundups of resources circulating LinkedIn and Twitter right now. To save you time, we're curating the most helpful and comprehensive ones here. If you have any suggestions of resources we should add, please email joe@a.team.

Note: The following list does not constitute financial advice or legal counsel.

FDIC Insurance & FAQs on Access to Funds

How to Claim FDIC Insurance for Lost Funds: This guide by Vol 1 Ventures is the best and easiest to understand resource we've seen on navigating the complex process ahead for founders.

FDIC Silicon Valley Bank Information Hub: This is where the FDIC is posting its latest updates and info about how to access funds through a new portal. They’re encouraging people to watch this page over the weekend.

Finally Cooley, one of the top law firms for the tech industry, has an excellent webinar analyzing the current situation and article breaking down FAQs on access to funds, from a trusted legal source.

Lines of Credit

Here’s the roundup of top options via Carta’s Peter Walker on LinkedIn:

Tranch is offering credit lines on operational spend up to $500k to pay supplier invoices including EOR.

Nitra is providing expedited underwriting for new credit lines and bridge loans outside healthcare—up to $200k on card and more on a bridge loan.

Brex is offering emergency bridge loans to qualified SVB customers to help minimize the impact of recent events on payroll and other operational spend.

Arc is offering short term credit facilities / bridge loans (up to $250k or current cash position) to help founders make payroll and other working capital needs.

Capchase is also offering also financing for SVB affected startups.

Credit and loan resources

Divergent Fund Capital Resources & Notes For Founders is an amazing compilation of partners for short-term loans, direct banking contacts, and insider updates on what’s likely to happen in the next couple weeks.

The SVB Crisis Playbook for Founders also has strong recommendations on quickly shoring up your finances and finding quick lines of credit.

If you’re in the UK, check out Sifted’s Resource Guide.

Payroll

A roundup of resources for meeting payroll.

HR and Comms

SVP Fallout Guide for People Teams and Comms: Amplitude’s Lars Schmidt is putting together some strong templates for team communication, as well as a growing collection of open-source resources.

If you need additional comms templates for your team, the Crisis Playbook has strong ones on this front as well.

‍This article will be updated with more resources as they emerge.