Get offers from 100+ lenders in one click.
| Funder | Rating | Country | Loan Amount | Revenue ? Minimum Annual Revenue | |||||||
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Frequently asked questions
- What is this?
- Paper is a capital marketplace for SaaS companies. It's like LendingTree for SaaS funding. You can apply to dozens of capital providers in one click. Easily compare offers and select the best option for your company.
- How much can I borrow?
- This varies based on your metrics (e.g. churn, growth rate, etc.), but many funders will allow you to borrow up to 5x your MRR. One major benefit of Paper is you that you can see the offers of several lenders, side by side, all at once.
- Why do these lenders offer more than traditional banks?
- Our marketplace is made up of funders that are custom built for the needs of growing SaaS companies. These partners understand SaaS and are able to better manage risk than traditional banks or other lenders.
- Do you take any equity?
- Some funding options include "warrants" or equity. Warrants are a security that gives the holder the right to purchase company stock at a specified price within a specific period of time. You can filter the marketplace for "non-dilutive" funders to only include options that don't require equity.
- How long does this all take?
- Paper takes out the pain points of applying for a loan and automates as much of the process as possible. Simply connect your accounts, answer a few questions and we'll fill in dozens of forms for you.
- What's the interest rate / APR?
- Some lenders don't publish rates, but most listed heere charge 15 to 25% APR (Annual Percentage Rate). Your rate is based on several factors including your metrics (e.g. churn, growth rate) and business model.
- What can I use the funds for?
- Use the funds for what you think will best grow your business. We see many founders using the funds to hire a bit ahead of growth and invest in ad spend (especially where you've already proven a payback period ≤ 6 months).
About Us
Paper was born out of our own frustration with how SaaS companies are funded. There are endless pitch meetings, vague passes (e.g. "it's too early") and an overall lack of transparency. If you you're building a real business and want to grow faster, Paper was built for you.
Mike Ritchie
Founder & CEO
Hey there 👋! I've been running risk, analytics, and ops at banks and fintechs for over 15 years. Most recently I was founder and CEO @ SeekWell (a SaaS company acquired in 2021) and before that I was the Chief Risk Officer @ Blispay (a fintech acquired in 2019)