Alternative financing for SAAS companies.

A natural extension of AR financing, our SAAS credit facilities are fast, flexible financing for growing software companies.

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WHY SAAS LENDING.

HIGHER ADVANCE RATE

Capital availability is based on a multiple of your monthly recurring revenue – typically 3x to 6x MRR.

Fast Funding for Growth

CAPITAL THAT SCALES WITH YOUR BUSINESS

Capital availability that grows with your business — The amount of funds that you can draw increases as your revenue grows. Capital available from $250k to $3M.

LONG TERM OR SHORT TERM CAPITAL

Your choice of long term or short term – Funds are typically drawn down over 1 year under the initial credit facility, and can be renewed (and upsized) as they’re paid down.

PAY FOR WHAT YOU USE

Efficient use of capital — Capital is drawn down as your business needs it, thereby reducing interest expense.

AVOID EXCESSIVE DILUTION AND MAINTAIN CONTROL

Much cheaper and easier to deploy than raising equity. Simple and transparent pricing — cost of capital of 8% to 15% and a 1% to 2% commitment fee.

WHAT WE LOOK FOR.

Don’t need to be venture backed, profitable or billing customers monthly.

 HOW WE COMPARE.

SourceFunding SizeInterest and FeesProcess
Harper SAAS Lending$250k – $3M8% – 15% cost of capital. Paid down as a % of revenue. Payback scales up or down with revenue.2-4 weeks underwriting process.
Banks & SBA’sTypically over $1MAnnual interest rates starting at 5%, if approved.2-4 months process. Lack of understanding of SAAS model. Low approval rate for startups, particularly without traditional assets. Restrictive covenants.
Venture Capital$250k to well over $10M depending on stageAngels and VCs underwrite to 15x-30x returns. Highest cost of capital available that significantly dilutes ownership. Possible loss of control.Months of fundraising, negotiation, and diligence. Occupies significant founder time and resources.