How we research

The goal is the guide we'd want if we were raising debt ourselves: plain, sourced, and honest about when debt is the wrong answer.

Our rules

• Same template for every structure. Every option page covers who qualifies, all-in cost with a worked example, pros and cons, red flags, and when it's the wrong choice.
• All-in cost, not headline rate. We include fees, final payments, warrants and covenants, and annualize flat fees so options can be compared.
• Ranges, not quotes. Terms depend on the lender and the company. We publish indicative ranges and say so.
• Dated and reviewed. Every page shows when it was last reviewed. Market terms move, and we update when they do.
• No paid placement. No provider pays to be listed or ranked.

Sources

Public lender materials and term disclosures, market reports, founder interviews, and the experience of operators and lenders who have structured SaaS debt.

Corrections

See something out of date or wrong? Tell us and we'll fix it.

Education only. Nothing here is financial, legal or tax advice. Talk to your advisors before signing anything.