Growth capital structured around your business — never your cap table.
Designed for founders who want runway without dilution. Term loans, revenue-based facilities, asset-based debt, or hybrid structures, sized up to $40M.
Our capital advisors design around your model — SaaS ARR, ecommerce unit economics, software-enabled service margins. Pure debt with no warrants on most facilities.
Funding tailored to your business needs
Our non-dilutive capital offers rapid, transparent financing to fuel your strategic goals.
Keep 100% of your equity
Designed for founders who want runway without dilution. Repayment is structured around revenue, ARR, or asset value — never equity.
Custom structures up to $40M
Term loans, revenue-based advances, asset-based facilities, or hybrid structures. Our capital advisors design around your business model.
Built for SaaS, ecommerce, and tech
We understand recurring-revenue businesses. Underwriting is informed by ARR, churn, and unit economics — not just trailing P&L.
Dedicated capital advisor
You work with a senior advisor from sourcing through close. Not a call center — a single person who learns your business and stays with you.
Businesses succeed with States Funding
“We needed $15M of runway extension without a down-round. States Funding structured a revenue-based facility in three weeks. Cleanest term sheet I’ve seen.”
“If you are a business that is looking for funding, I would recommend that you reach out to States Funding. It is so much easier, so much faster, and more of a partner with your business.”
“It was fast. It was easy. We had the kind of personalized service from a financing lender that we'd never experienced before.”
A transparent approach to business funding
States Funding's portal gives you complete visibility and control over your funding options. No hidden terms — just clear choices designed for your business.
Initial conversation with a senior advisor
A 30-minute call to scope structure, size, and timing. No application yet — we want to understand the goal before requesting data.
Start ApplicationQuick data-room review
Share ARR/MRR, customer cohort data, and 12-month financials. Our underwriting turns around indicative terms in 5–7 business days.
See your offersIndicative term sheet
Receive a non-binding term sheet with structure, sizing, pricing, and covenants. Negotiate directly with your advisor — no broker layer.
Talk to an advisorClose in 2 to 4 weeks
After signed term sheet, definitive docs and close typically run 2–4 weeks. Funded direct from our balance sheet or co-investor partners.
Get fundedNon-Dilutive Capital
FAQs
Quick answers on rates, structure, and timing. Still have a question? Talk to a specialist.
- Venture debt is one type of non-dilutive capital, typically paired with an equity raise. States Funding also offers revenue-based and asset-based structures that stand alone, no equity round required.
- Typically $5M+ in ARR for SaaS or $2M+ in monthly revenue for ecommerce. We focus on businesses past product-market fit with predictable growth.
- A mix of structure, business risk, and capital cost. SaaS revenue-based facilities typically price between 9–14% effective; asset-based and term structures can be lower.
- Most States Funding structures are pure debt — no warrants, no equity rights. A small subset of larger facilities include modest warrants; your advisor will flag this in the term sheet.
- From first call to funded: typically 4–6 weeks. The data-room and term-sheet phase is 1–2 weeks; definitive documentation is another 2–3 weeks.
Is non-dilutive capital the same as venture debt?+
What size businesses qualify?+
How is pricing determined?+
Are there warrants or equity kickers?+
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Ready to fund your company's future?
Three minutes to apply. Soft credit pull only. Real, comparable offers — not estimates.