Finance7 min read
Debt Covenants for SaaS Founders: How They Work and What to Check
Learn what debt covenants mean for a SaaS company, how a revenue test can fail after customer churn, and what to check before signing a financing agreement.
Founderpath blog
Funding, metrics and growth for software founders
Plain-English guides to non-dilutive capital, SaaS metrics and lender terms, from the team that has funded 760 companies.
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Updated Oct 13, 2026
Finance
CARR vs ARR: What Contracted ARR Is and How It Differs
CARR is ARR plus signed contracts that aren't live yet, minus churn notices. How to calculate it and how it differs from ARR, bookings and RPO, with examples.
15 min read
Finance
What Is a UCC Filing? What It Means When a Lender Files One
A UCC filing is a public notice that a lender has a lien on your business assets. What a UCC-1 covers, how long it lasts, and how to remove one.
15 min read
Finance
What Are Debt Warrants? How Venture Debt Warrants Work
Debt warrants let a venture lender buy your shares at a fixed price. How warrant coverage works, what it costs in dilution, and which lenders ask for it.
15 min read
Finance
SaaS Debt Financing Explained: Types, True Costs, and When It Makes Sense
SaaS debt financing lets founders raise capital without giving up equity. Compare all types, true costs, and key red flags before you sign.
9 min read
Finance
Merchant Cash Advance for Startups: Is It Worth It?
Merchant cash advance for startups: How MCAs work, what they really cost (avg 94% APR), and why SaaS founders choose revenue-based financing instead.
17 min read
Finance
SaaS Financial Model: How to Build One That Investors Want to See
SaaS financial model guide with 2025 benchmarks from KeyBanc, SaaS Capital & Bessemer. Build a model that VCs and PE firms want to fund.
13 min readFinance
SaaS Startups: How to Start and Fund a SaaS Company
SaaS startups: Learn the 8 steps to launch, key metrics to track, and funding options from bootstrapping to VC to revenue-based financing. Data-backed guide.
12 min readFinance
SaaS Financing: 6 Options to Fund Your Software Company
SaaS financing options compared: RBF, venture debt, bank loans, MCA, equity & SBA. Comparison table and decision framework to choose the right funding.
11 min read
Growth
SaaS Growth Playbooks: Strategies from $100M+ Founders
63 SaaS growth playbooks organized by channel: SEO, outbound, paid ads, virality, partnerships, community, and more. Real strategies from founders who scaled to $100M+ ARR.
11 min readNon-dilutive capital
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