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Qualifying for SaaS financing can be a challenge, but there are steps you can take to increase your chances of approval. Overall, the key to qualifying for SaaS financing is to be prepared, organized, and able to demonstrate that your business is a good investment.

Did you know SaaS companies lose 75% of new users within the first week without effective onboarding?

In this article, you’ll learn SaaS onboarding best practices, so users understand how your product can address their needs, solve their specific problems, and wow them with what your product can do for them.

The Software as a Service (SaaS) industry is in the midst of a dynamic growth phase, attracting substantial investments in recent years. According to the findings of a comprehensive report by Grand View Research, the global SaaS market achieved a valuation of USD 158.2 billion in 2020, with a projected compound annual growth rate (CAGR) of 11.7% from 2021 to 2028.

The Software as a Service industry has taken the tech world by storm in recent years and is creating a digital transformation that permanently changes the world of technology and software development.

Debt financing occurs when a company raises money by selling debt instruments to investors. Debt financing is the opposite of equity financing, which entails issuing stock to raise money. Debt financing occurs when a firm sells fixed income products, such as bonds, bills, or notes.

Until the recent past, business and marketing models have been built around companies trying to sell a physical product. They want you to buy the newest car, the best watch, or even that tendy, eco-friendly, hand printed tee.

These all have one thing in common: they are items.

In the world of items, a one-time purchase is all you need to close a sale and call it a success. Sure, repeat customers are important, but they are not necessarily the backbone of your business operation– especially as the price per item rises.

In SaaS, the game changes.