For this week’s blog post, I wanted to talk about one of our partners, Lighter Capital. They are a financing company that focus on helping small businesses grow, so needless to say, their mission is something I relate to and feel good supporting.
Working with Lighter Capital is fun because of the unique set-up of their financing system. Unlike traditional banks, Lighter Capital works on revenue-based financing, meaning their profits grow along with the small businesses who borrow from them. This is not only mutually beneficial for the lender and borrower, it also calls for some pretty exact bookkeeping.
As LucidBooks is all about supporting small businesses and promoting remote technologies, I like the way that Lighter Capital runs their business. Specifically, it means a lot to me that they allow small business owners to get help without feeling like they’ve handed over the reins of their company (and consequently handed over their dream to some big investor footing the bill). I also like that the company essentially works completely online, allowing for flexible, reliable communication.
Lighter Capital also has a great team full of fun, motivated people who get the SaaS industry and who genuinely want to help small businesses get off the ground. It means a lot to me to be able to have clients that have a shared vision and who are out there doing great things for the tech industry.