TIMIA charges 2% setup fee, $10k work fee. They love fees! Founderpath offers:
Founderpath has been a perfect avenue for our short-term cash needs. Instead of the "traditional" process with all the headaches, Nathan and his team made it really easy for us to fund additional development resources in order to get our next version to market sooner than planned. We take cash as we need it and repay it quickly based on the customer run rate. As an equity owner, not having to give up equity in exchange for funds is exactly what our company was looking for. I wouldn't hesitate to recommend Founderpath as a viable funding option.
Why choose Founderpath over TIMIA?
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 TIMIA alternative.
Money wired under 24 hours
Diligence takes 3+ months
$10k "Work Fee"
2% "Setup Fee"
$10k Closing Costs and Legal Fees
Monthly Reporting Required?
Takes 10 hours (Require monthly GAAP pdf/excel statements)
Automated through platform
Spend money how you want?
See "Use of Proceeds" clause
Payoff early without fees or penalties
3 month penalty
Treat you like a SaaS Founder?
Sell up to 25% of your loan off to strangers
Keep your data private?
They can share your company data with lots of people, see "Permitted Transfers" clause
8% discount rate (24 month term)
Very expensive repayment caps
Easy to forecast, fixed monthly payments?
Changes based off your revenue
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, Canada Only
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.
Revenue on platform
10 new founders are accepted every week. Inside you'll find a SaaS community like you've never seen before.