The SaaScore Assessment
TIMIA is built on a tech-enabled lending platform that helps us originate, underwrite, and manage growth financing for technology companies. We guide you through a three-phase risk assessment framework called SaaScore to approve your financing as quickly as possible.
The Initial SaaScore Assessment examines 15 data points including recurring revenue (past 3 months), recurring revenue (past 12 months), gross margin percentage, logo churn, cash burn, debt outstanding, etc.
The second SaaScore Assessment helps us decide if we will present the company with a Term Sheet and how we will price and structure the deal. We will send the company a link to our Application Portal to complete with the last 24 months of data. We will also schedule a call to understand the company’s ideal Term Sheet and set expectations.
The final SaaScore Assessment is where our due diligence team dives into the business deeper and validates the information provided. After due diligence, the TIMIA Investment Committee meets to review the deal and if it is approved then the Legal Documents are circulated and Closing/Funding is completed.
Lending Process Timeline
- ASAPInitial call
- 2-5 DaysPhase 1 SaaScore
- 1 WeekPhase 2 SaaScore
- ASAPTerm Sheet Issued
- 3 WeeksPhase 3 SaaScore
- 1 WeekLegal Documents
Let’s Get Acquainted!
To make the process as seamless as possible, have the following details handy before scheduling the initial call:
- Revenue structure/model
- Annual recurring revenue or monthly recurring revenue
- Monthly burn rate (Is this less than 50% of MRR?)
- Annual growth rate
- Gross margin