Steve Benson

You know, the Lighter, Scaleworks, and which now they're called Element, Founder Path, and then there's, those are kind of the ones that I think are the most focused on the SaaS industry right now.

So I started out with Lighter, because they were first.

Scaleworks didn't exist, Founder Path didn't exist.

And so I borrowed $888,000 over two years and four tranches.

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,