WHY SaaS LENDING.
WHAT WE LOOK FOR.
HOW WE COMPARE.
|Source||Funding Size||Interest and Fees||Process|
|Harper SaaS Lending||$50k – $10M||7% – 10% cost of capital. Paid down as a % of revenue. Payback scales up or down with revenue.||2-4 weeks underwriting process.|
|Banks & SBA’s||Typically over $1M||Annual 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 stage||Angels 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.|