The No Fee, Faster Approval, Alternative to Novel Capital

The No Fee, Faster Approval, Alternative to Novel Capital

You'll hate spending weeks on diligence then paying huge fees. Founderpath Offers:

icon tickNo draw fee
icon tickNo closing fees
icon tickNo legal fees
icon tickWire under 48 hours
Josh LaSov

Josh LaSov

United States

After looking at 23 lenders, got 7 figure wire from Founderpath in under a week

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.

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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 alternative.

Novel
Novel Capital
FounderpathFounderpath
Money wired under 24 hours
Diligence takes 3+ months
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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
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Spend money how you want?
See "Use of Proceeds" clause
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Easy to forecast, fixed monthly payments?
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SaaS Valuation Calculator
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Free CAC calculator
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Free cash flow/profit and loss reporting tool
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Free Lifetime value calculator
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Free Churn calculator
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SaaS Company HQ
US Only
Worldwide

Integrate with your favorite SaaS tools instantly

How it works

Founders Will Take $250m This Year. So far:

3,124

Offers made

...

$504m

Revenue on platform

Troy Noll

Troy Noll

United States

No strings attached non-dilutive debt

We recently worked with Founderpath to draw down a loan with zero dilution. Nathan and the team at Founderpath where easy to work with and the process was extremely straightforward and we received the funds very quickly once agreed.

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Frequently Asked Questions

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