The No Fee, Faster Approval, Alternative to Novel Capital
You'll hate spending weeks on diligence then paying huge fees. Founderpath Offers
United States
After interviewing 23 lenders - it was wonderful to meet Founder Path. Their terms, process and understanding of speed was simply incomparable. Within 1 week we had completed diligence (and we aren't a small SaaS company). A few days later a seven figure wire hit our bank account and we were able to turn on the growth engine! In a nut shell, this is how lending should be done - great terms, super fast diligence and super fast to close.
Why choose Founderpath over Novel Capital?Use SaaS Financing Software that scales with you. See why SaaS founders are taking money from Founderpath and using our valuation and reporting tools to make it the #1 Novel Capital alternative. | ![]() | |
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Money wired under 24 hours | Diligence takes 3+ months | |
Minimum Annual Revenue | $3,000,000 | $120,000 |
Take Warrants (Equity)? | No | No |
Fee | $30k Closing Costs and Legal Fees | No Fees |
Fee | 1- 2% "Origination Fee" | No Fees |
Draw fee | 1% | No Fees |
Interest Only Period | Sometimes | Up to 18 months |
Monthly Reporting Required? | Takes 10 hours (Require monthly GAAP pdf/excel statements) | Automated through platform |
Payoff early without fees or penalties | Expensive penalty | |
Spend money how you want? | See "Use of Proceeds" clause | |
Easy to forecast, fixed monthly payments? | ||
SaaS Founder Slack Group (Invite-Only, 1,987 founders) | ||
Annual SaaS Bootstrapper Conference | ||
SaaS Valuation Calculator | ||
Free CAC calculator | ||
Free cash flow/profit and loss reporting tool | ||
Free Lifetime value calculator | ||
Free Churn calculator | ||
SaaS Company HQ | US Only | Worldwide |
Turn your MRR into upfront cash. Invest in new growth ideas. Pay back over 12-36 months. Keep all your equity.
Based off the largest database of SaaS valuations in the world. 450+ in last 12 months. Quickly see what your SaaS is worth.
Manage all of your customers from stripe, custom invoices, or other sources in one spot. Quickly identify which ones to upsell or ask for reviews.
ARPU, CAC, LTV, Churn, Retention all in one spot. Set guardrails and future targets to scenario plan.
Offers made
Revenue on platform
10 new founders are accepted every week. Inside you'll find a SaaS community like you've never seen before.