Recurring Revenue Debt

Borrow against your
recurring revenue.

Debt capital for recurring-revenue technology companies, structured around your ARR with no dilution, no board seats, and no loss of control.

Submit Financing Request
For technology companies with $2M+ ARR  ·  United States & Canada
What It Is

Turn recurring revenue into debt, not dilution

Recurring revenue is one of the most valuable assets a technology business has, but most lenders can't see it. Banks want hard collateral. Factoring and asset-based lending want receivables or inventory. Neither fits a company whose value lives in predictable, contracted ARR.

Thalos Capital structures and places recurring revenue debt built specifically around that revenue stream, matched to your metrics and positioned to the capital sources that underwrite recurring-revenue technology the way it actually works.

The Structures

Pick the repayment that fits your stage

The right structure depends on your stage, your revenue, and how you want repayment to sit against growth. Both are non-dilutive, fixed-rate, and free of board seats or warrants.

Interest-Only · 2–3 yr term

Interest-Only Facility

For companies with the metrics to reach an exit or a priced round, needing capital for the final push. Payments stay light through the term, with a balloon repayment at the end.

Structure
  • 2 to 3 year term
  • Interest-only payments through the term
  • Balloon repayment at term end
  • Fixed interest rate, transparent structure
Eligible Companies
  • $5M+ ARR
  • Recurring-revenue technology business
  • Based in the U.S. or Canada
  • Proven product-market fit (10+ clients)
  • Gross margin above 50%
  • Capital-efficient growth
Amortized · 3–6 yr term

Amortized Term Facility

For bootstrapped or lightly capitalized companies growing without dilution. Principal payments start low and ladder up each year, so capital works hardest in the early years.

Structure
  • 3 to 6 year term
  • Principal ladders up as revenue grows
  • Fixed, predictable repayment schedule
  • Fixed interest rate, transparent structure
Eligible Companies
  • $2M–$20M ARR
  • Recurring-revenue technology business
  • Based in the U.S. or Canada
  • Proven product-market fit (10+ clients)
  • Gross margin above 50%
What It Funds

What the capital is for

Sales & marketing expansion
Runway extension between raises
Acquisitions of IP, talent, or customers
Cap table cleanup & investor buyouts
Business model transitions
The push to cash-flow positive
Refinancing of existing debt
Position for an acquisition
When It Fits

Where recurring revenue debt makes sense

Grow valuation without dilution

Scale ARR on your own terms and reach your next milestone from a position of strength. Higher revenue today means a stronger multiple tomorrow.

Delay or de-risk an equity raise

Bridge to your next round and negotiate better terms when the market and your metrics are on your side, instead of raising under pressure.

Fund growth or acquisitions

Invest in sales, marketing, IP, talent, or a customer base, the moves that compound enterprise value, without handing over equity.

Retain control and ownership

Fixed-rate, transparent structure with no warrants, no board seats, and no harsh covenants. You keep control of the company you built.

Recurring Revenue Debt

Ready to grow without dilution?

Tell us about your ARR and growth plans and Thalos Capital will structure the options and bring you the capital to fund them.

Submit Financing Request

Thalos Capital is a boutique commercial finance origination and strategic advisory platform that works entirely on the borrower's side, analyzing the financing need, structuring the alternatives, and bringing real funding options from a vetted capital network, on deals from $50K to $100M+ across the United States and Canada.

Disclaimer

Thalos Capital is a boutique commercial finance origination and strategic advisory platform providing borrower-side advisory, structured financing support, and execution for businesses across the United States and Canada, with the exception of California, Nevada, New York, and Quebec, which Thalos Capital does not currently serve. Financing is provided by third-party capital sources and is subject to underwriting, approval, documentation, and closing conditions established by the applicable financing provider. Thalos Capital does not guarantee that financing will be available, approved, or offered on any particular terms. Thalos Capital does not raise capital; does not offer, solicit, buy, or sell securities; and does not provide investment advisory, securities dealing, or fund management services. Nothing on this website constitutes an offer, solicitation, or recommendation with respect to any security or investment, or any investment, legal, tax, or accounting advice.

© Copyright 2026. Thalos Capital Corporation. All Rights Reserved.