4/9/2014 11:45:45 AM
How To Get App Funding For Your Project, It's Easier Than You Think
App funding, Lighter Capital, App Loans, Software Funding, App Exchange, App Economy
App Developer Magazine

How To Get App Funding For Your Project, It's Easier Than You Think

BJ Lackland BJ Lackland in Monetize Wednesday, April 9, 2014

Entrepreneurs can spend a lot of time and energy figuring out how to get the capital injection they need to grow their businesses. The availability of investment funds from VC’s and angels is tight and equity fund raising is time-consuming and dilutive. And banks don’t have the loan products or underwriting models that suit asset-light App and SaaS companies.

Seattle-based Lighter Capital fills the funding gap left by VC’s, angel investors and banks. Started by entrepreneurs who believed there was a better way to get tech businesses funded, Lighter Capital’s innovative RevenueLoanTM is designed specifically for tech based and app economy businesses.

With the emergence of the App Economy it’s time to make funds available that suit the emerging new business models. Envisiontel – a SaaS company focused on training apps for the Salesforce App Exchange recently received $150,000 from Lighter Capital to help them grow their team.

Said Envisiontel’s Founder and CEO, Matt Lee, “As a software vendor, we were in a unique financial position. We didn’t have capital assets like buildings or heavy machinery to leverage with traditional banks in order to acquire working capital and we weren’t quite ready to raise venture capital. We needed to add some headcount in order to grow but wanted to maintain control in order to fine-tune our business model. Lighter Capital offered a solution that was perfect for us.”

Lighter Capital has funded 45 technology, SaaS and App loans in the USA and is growing its footprint in Canada. Entrepreneurs like the flexibility the RevenueLoanTM affords them – repayments rise and fall with the business’s revenue ebb and flow, there are no personal guarantees, no board seats and no bank-like financial covenants.

Furthermore, Lighter Capital frequently makes multiple loans to the same company, expanding the capital availability with the growth of the business. What many also like is that it’s not equity – so entrepreneurs and early investors don’t suffer dilution and loss of control. Said Lee, “By paying back our loan as a percentage of monthly revenue, their model gave us the capital we needed with the control and flexibility we desired.”

Read more: http://www.lightercapital.com

Get your Pi Day 2019 Shirt

Love Is Like Pi Never Ending T-Shirt Math Pi day Gift Shirt. Perfect Shirt to celebrate Pi Day 2019. Great gift whether you just love Math or you are a Math Student, Teacher or similar.

475 Tax Deductions for Businesses and Self-Employed Individuals

Are you paying more taxes than you have to as a developer or freelancer? The IRS is certainly not going to tell you about a deduction you failed to take, and your accountant is not likely to take the time to ask you about every deduction you’re entitled to. As former IRS Commissioner Mark Everson admitted, “If you don’t claim it, you don’t get it.

A hands-on guide to mastering mobile forensics for iOS and Android

Get hands-on experience in performing simple to complex mobile forensics techniques Retrieve and analyze data stored not only on mobile devices but also through the cloud and other connected mediums A practical guide to leveraging the power of mobile forensics on popular mobile platforms with lots of tips, tricks, and caveats.

Gps tracker for kids

The Chirp GPS app is a top-ranked location sharing app available for Apple and Android that is super easy to use, and most of all, it's reliable.

The Latest Nerd Ranch Guide (3rd Edition) to Android Programming

Write and run code every step of the way, using Android Studio to create apps that integrate with other apps, download and display pictures from the web, play sounds, and more. Each chapter and app has been designed and tested to provide the knowledge and experience you need to get started in Android development.

This content is made possible by a guest author, or sponsor; it is not written by and does not necessarily reflect the views of App Developer Magazine's editorial staff.