9.5% unsecured in B2B is not out of the ordinary considering the...

9.5% unsecured in B2B is not out of the ordinary considering the company is currently trading at a loss which would give LVT a lower risk rating. I suspect this is to provide funding in the worst-case scenario where they are cashflow positive later than expected.

For perspective:
Unsecured for higher risk B2B is ~20%-30% (if you include all the fees)
Invoice financing is around the ~10-15%+ mark (if you include all the fees)
Asset finance is around the 3-4% mark
Property finance is around the 2% mark

Hard to say without getting all the details but if it guarantees that LVT get from here to $100M ARR, I'd prefer some debt instead of significant dilution at such a low SP.