$1-5m Term Loans for SaaS Founders
What we offer
- 24 Month Interest Only Periods
- 4 Year Maturity
- "First Meeting" to "Close" in under 4 weeks
- We use API's to close faster than banks and other debt funds
Steve spoke with 75 banks and lenders. They were slow and frustrating. He raised $4.2m from Founderpath instead.
In the amount of
$4,200,000
What we can share:
- Steve grew revenue from $1m to $6m using Founderpath financing
- Signed $4.2m Term Loan with Founderpath in Feb 2024
- Before that, Steve used our RPA product 7 times totalling $3m
- This allowed him to grow valuation from $3m to $36m and keep all the gains
6-24 Month Interest Only Period Means Lower Monthly Payments
Sample Term Loan
Amount
$4m
Interest Rate
15%
Term
4 years
Interest Only Period
24 months
Save cash flow in 2024
Cash flow savings of $735,836 over the first 12 months
Pay back over 4 Years
2024
202520262027Sign agreement and wire
2028
Finish Paying back principal
If we don't close in under 4 weeks, Something is wrong
Scott Used Founderpath to Avoid Seed Round Dilution before doing a $55m Deal with Updata
In the amount of
$1,000,000
What we can share:
- Scott launched Contact Monkey in 2010
- Took $1m from Founderpath in July 2021, kept his equity
- Used our capital to help grow to $10m in revenues by 2024
- Closed $55m deal with Updata
Criteria
SaaS Revenue
$3m or more
Operating History
Founded before 2022
Gross Margins
70% or higher
Growth
5% per year or higher
Fund Management
Nathan Latka is a software founder turned capital provider. He launched and sold his first SaaS (Heyo, Acq.Votigo) in 2015. From 2016 to 2018 he identified patterns of highly successful software companies by interviewing 3,300 CEO’s on his podcast. He used those patterns to finance saas founders in 2018 with his own capital. As Fund I grew, management became cumbersome so he launched Founderpath to allow for API driven underwriting and management before raising $150m Fund II in 2022.
Vasili Gerogiannis career spans more than 20 years, mostly focused on specialty finance. He began his career as a structured finance banker at ABN AMRO Inc. and BMO Capital Markets where he structured and underwrote more than $10B in asset backed deals. Vasili joins us from Clearco where as CFO he helped refocuse the business, rationalize expense, and launch new capital partnerships. Prior to Clearco, Vasili spent 5 years at OppFi leading Capital Markets and other finance functions, most recently as Chief Capital Officer. During his tenure OppFi grew more than 7x and became a public company (NYSE: OPFI). Today, he serves as Founderpath’s CFO.