[asanwal]

Great point albeit unexplored by us. Are you talking about loans from traditional banks?

I've perhaps unfairly assumed traditional banks won't fund SaaS companies because of unfamiliarity with non-asset intensive businesses. Or that they'd require me to put up my house, wife and child as a personal guarantee?

[onemoreact]

Yep, traditional banks. As long as the revenue is stable enough you don't need a personal guarantee from a traditional bank. They can be just as intrusive as other investors and even require thinks like the company take out life insurance on key employees. But it is a real option you may want to look into.

Another option many small companies don't consider is net 30 - 60 day payments from key suppliers. You generally get a grace period after an initial bill and can often work out a deal where you either have say 45 days to pay while still being considered current OR get a discount if you pay within a week of getting a bill.

One company I worked with had the equivalent of a 60k loan from CDW due to the rate they where buying equipment plus the grace period.