Is a Springboard Loan Right for You?
The Springboard is generally for companies that just need some cash to take them the final mile to their end goal. These companies typically have greater than $3 million in ARR and reasonable cash burn.
Springboard loans are tailored based on the specific metrics of your software company. We offer risk-adjusted pricing to reflect your company’s unique characteristics.
How Springboard Loans Work
- TIMIA has a three-phase proprietary tech-enabled lending process. We work with you to complete the phases quickly.
- Once approved, get an upfront cash injection of up to 6–12 times your current MRR.
- Repay the loan over 2-3 years, repayments are interest-only or similar with a balloon payment at the end of the term.
Benefits of Springboard Loans
Retain ownership and control
We won’t ask for equity in your company, board seats, or personal guarantees. What’s yours is yours. Period.
Your payments grow as your ARR grows so you’ve time to breathe and focus on your business without worrying about high repayments in the early days.
You decide how to spend the capital
Unlike other lenders, TIMIA doesn’t tell you how to run your business. Spend the growth capital as you wish.
We move as fast as you
Our tech-enabled lending platform expedites our lending processes so you can access 6-12 times your monthly recurring revenue within weeks.
We are a fast-growing SaaS company and we want to maximize the valuation of the business for when we do our next VC round. TIMIA’s investment will allow us to push back our next funding round so we can increase our valuation, protect our equity, and get a better deal for the business in our next venture capital round.
We were interested in non-dilutive financing. We researched several vendors but we just liked TIMIA the best. They're very supportive of the business and helpful with introductions throughout the portfolio. You get a lot of extra support, alongside the capital.
A lot of businesses like ours get themselves in trouble because they bring on a lot of private equity and venture funding. When the time comes for a liquidity event, the employees and entrepreneurs don’t fare too well. We’ve taken a different approach.
We were looking at financing options where we didn’t have to give up any board seats or dilute our equity. I discovered TIMIA on LinkedIn and had some really great conversations with Mark in the beginning. As we were going through the discovery process, I found that TIMIA’s investment thesis really described Measured and what we were looking for in a financial partner really described TIMIA. It just felt like a really good fit.
We found revenue financing to be a more founder-friendly method for growth as it means we don’t have to give away large chunks of our business. There is great DNA in a revenue financing partner as they encourage good business practices. We’ve gained a partner who encourages us to grow wisely versus a partner who throws money, encourages unwise spending, and creates pressure to grow at an unsustainable rate.