[mritchie712]

15% is not a terrible rate. If you look at companies like OnDeck[0] they start at 11% and don't lend to SaaS companies. There are also companies that already do this like "saas-capital"[1] which start at 12%. SVB won't lend until you're > $1M ARR. This just slightly above the market rate for a lower MRR SaaS company.

0 - https://www.ondeck.com/resources/top-10-faqs 1 - https://www.saas-capital.com/our-approach

[Nlarch13]

i've sent founders to all those firms (list of 50+ debt providers and their cost here: https://docs.google.com/spreadsheets/d/17M_zgfNG20Z-cqQ6SqxQ...

SaaS Capital: Won't touch you unless you have $3m in ARR. Yes they can get down to 12% but they also take warrants. We'll start at $250k in ARR, and take no warrants.

SVB: Banks will only lend to software companies if they have VC backing. (yes they lend at cheaper rates)

OnDeck and Kabbage/others are at 25%+ interest rates. Read the terms.