Lighter Capital, previously known as RevenueLoan, was created to address the needs of business owners with a new form of growth funding. The companies receiving the loans agree to pay a percentage of incremental revenue, usually from 2% to 6%, either over a specified time period or until a negotiated multiple of the investment is paid back.
RevenueLoan was created to be light-weight and flexible financing option with entrepreneur-friendly terms. With no dilution, no loss of control, and no fixed repayment schedule, entrepreneurs can stay focused on growing their businesses.
They’ve completed eight revenue loans in the past year. The companies received $100k – $500k each in a loan.