Key Takeaways
- SaaS companies with 6+ months of recurring revenue qualify for Bankable
- Revenue-based funding: non-dilutive, no equity required
- ARR and MRR are primary underwriting metrics alongside bank statements
- SBA tech loans unavailable to E-3 holders — Bankable is the alternative
- 48-hour decisions up to $5M
Australian software engineers and product managers building SaaS companies in the US face a capital access problem that venture capital only partially solves. VC funding requires dilution, board seats, and growth-at-all-costs pressure. Many SaaS founders prefer to grow at a sustainable pace — and revenue-based funding matches that preference perfectly.
Bankable advances 2–4x MRR with repayment as a percentage of monthly revenue. No equity, no dilution, no board involvement. Your cap table stays clean. SBA tech loans are unavailable to E-3 holders — revenue-based funding is the non-dilutive alternative. Check your Bankability Score now.
The E-3 Funding Barrier
The SBA's 100% citizen/national ownership rule disqualifies every E-3 holder from government-backed loans — regardless of how long you've been in the US, how profitable your business is, or how strong your credit score is. Banks that primarily originate SBA loans have no viable product to offer you. That's not a reflection of your business quality; it's a policy gap that Bankable was built to bridge.
Revenue-based funding through Bankable requires no green card, no citizenship, and no SBA involvement. What matters: your business generates consistent revenue, has been operating for at least 6 months, and has a US business bank account. That's the core of what we evaluate. Check your Bankability Score to see your options in minutes.
Challenges in This Sector
- SBA technology business loans unavailable to E-3 holders
- VC funding requires dilution and typically governance involvement
- Sales cycles for enterprise SaaS are long — 90–180 days to closed revenue
- Customer acquisition cost (CAC) must be funded before payback period completes
- Engineering talent in US tech markets is expensive — $150K–$300K per senior engineer
- AWS/GCP/Azure infrastructure costs scale with revenue growth
Funding Solutions for E-3 Holders
- ARR-Based Advances: 2–4x MRR advanced with 12–24 month repayment schedules.
- Sales Team Capital: Fund account executives and SDRs before they generate revenue.
- Infrastructure Scaling: Pre-fund cloud costs during high-growth periods.
- Marketing Budget: Fund content, paid acquisition, and event marketing.
- Product Development: Bridge funding between revenue inflection points.
SaaS Metrics Bankable Evaluates
For SaaS businesses, we evaluate: MRR (monthly recurring revenue), MoM growth rate, gross revenue retention (we prefer 85%+), net revenue retention (100%+ indicates expansion revenue), and customer concentration. Businesses with strong retention and growing MRR qualify for higher multiples.
We also look at bank statement cash deposits to verify that contracted MRR is actually being collected. Strong MRR with poor collection rates is a red flag — but healthy SaaS businesses typically show MRR and actual deposits in alignment.
Capital Products Available
Revenue-Based Funding
Up to $5M based on your monthly revenue. No green card, no SBA. 48-hour decisions.
Apply Now →Equipment Financing
Asset-backed funding for equipment — available to non-citizen business owners.
Check Eligibility →Frequently Asked Questions
No. We require 6+ months of consistent MRR. Pre-revenue companies should look at angel funding or accelerators.
Typically 2–4x MRR. A SaaS company with $50K MRR can access $100K–$200K. A company at $200K MRR can access $400K–$800K.
Depends on your goals. Revenue-based funding is non-dilutive and suitable for profitable or near-profitable SaaS. VC is appropriate for hyper-growth companies targeting large exits.
We prefer 85%+ gross retention (revenue churn below 15% annually). Lower retention means less predictable future revenue.
Yes. Payroll for engineering and product teams is a standard use case.
No. Revenue-based funding is pure debt — no equity, no warrants, no board seats.
Yes. As your MRR grows, you can refinance or access additional tranches at better terms.
B2B SaaS in any vertical — HR tech, fintech, proptech, martech, devtools, healthcare IT, and more.
Annual contracts are great — they show committed revenue. We typically count annual contract value divided by 12 as MRR for underwriting purposes.
We evaluate paid MRR, not total user count. Freemium businesses are assessed on their conversion to paid revenue.