The Ledger
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Benson: Early SaaS debt from Lighter Capital was capped at 3-4x MRR
“What didn't exist, well, I mean, the products that exist were more expensive, for starters, but they were also, they weren't willing to loan very much, right? So I think Leiter would do, like, three, and I'll get into this in my slides, I don't want to blow my…”
Latka: Lighter Capital typically requires a 1.3x to 1.5x repayment cap
“The typical rates at lighter that they have a repayment cap of 1.3 to 1.5 X typically, which means if they lend you a hundred grand, you got to pay them 130 grand over three years up to 155 grand.”