Steve Benson
speaker
874 appearances
4 recordings
1 series
first heard Mar 2020
last heard Dec 2023
Steve Benson’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Top Founders · How I hit $5m ARR, kept control using 3 different debt providers · 21 Oct 2022
podcast
They were all about like, you know, 220 here, 250 there.
This is an RBF loan.
Who knows what an RBF loan is?
One person?
Revenue-based finance.
All right.
So what a revenue-based finance loan means, these suck, right?
I shouldn't say that.
They're okay.
But what it basically means is they take a cut of your revenue on a monthly or weekly basis.
the reason they kind of suck is because it's very hard to plan around.
You don't know exactly, you don't know how much you're losing, how much you're going to give up every month.
The good thing about them, there is a good thing about them.
If, if you, if I'd gotten a big revenue based loan right before COVID, that would have been great because then, you know, revenue hits the skids, you pay, you end up paying back less.
So you, you are nicely aligned with them, but if you grow quickly, then this, these loans can become really expensive.
Like on a,
on a percent basis, probably like 25%.
But if, you know, things hit the skids, you could pay 3% interest, right?
Like they just, they want to get their money back someday, right?
So they're, they're the, the, you're better, you're better aligned, I guess, with your lender, but it is, they're annoying in that they're, they, they tend to work out in their favor and be a little more expensive.
Showing 501–520 of 874 · page 26 of 44
← Previous
Next →