For young companies, financing the transition from the start-up phase to the scale-up phase is often linked with major challenges. Restrictive lending policies make it difficult to obtain comprehensive and scalable financing through a bank loan. In addition to classic bank financing and the new financing alternatives through crowdfunding or credit platforms, bond issues on the capital market are a promising option. In the article, Frank Ackermann discusses the factors on which the choice of the appropriate form of financing ultimately depends and what role the topic of "sustainability" plays here. The full article is available here.