For Founders For Investors Partners Capital Products Recurring Revenue SaaS Funding Growth Capital Investor Insights Capital Summary Apply for Capital

What does venture capital actually cost you?

Equity financing looks free until you do the math. Here’s how structured capital compares — in real dollars, at exit.

Option A
Yorktown Advance
vs
Option B
VC / Angel Round
True cost
Fixed fee, known upfront
Based on payoff timing. No surprises.
True cost
Future equity value at exit
The faster you grow, the more it costs.
Dilution
0%
You own 100% at exit.
Dilution
10 – 30%
Permanent. Compounds with each round.
Time to funded
2 – 4 weeks
Streamlined, predictable process.
Time to funded
6 – 12 months
Pitching, diligence, term negotiations.
Board involvement
None
Your company, your decisions.
Board involvement
Often required
Oversight rights, approval requirements.
Repayment
Revenue-linked payments
Structured to your cash flow.
Repayment
Triggered at exit event
Liquidity event or secondary sale.
Qualification
Revenue + growth trajectory
No hard collateral required.
Qualification
Team + vision + market size
Highly selective, long evaluation cycle.
Illustrative example — adjust for your valuation and growth rate
Yorktown — what you pay
90-day payoff
Most common scenario
9% of advance
120-day payoff
Standard window
12% of advance
Full 6-month term
Worst case — most pay less
18% of advance
No prepayment penalty. Pay early, pay less. Your advance amount is determined after underwriting.
VC — the dilution math
Example: $3M valuation, 10% equity, 4-year hold
Company value today$3M
Revenue growth (10%/yr)$4.4M by yr 4
Exit at 4x multiple$17.6M
VC’s 10% stake at exit$1.76M
Equity given away$1.76M+
At a $10M valuation the same 10% stake becomes $7M+ at exit. The faster you grow, the more dilution costs.
VC sells your growth. Yorktown lets you keep it.
How repayment works
1
Bi-weekly payments
Typically 4–5% of the advance amount, structured around your revenue profile.
2
Revenue-linked
Payments align to your cash flow so they support your business, not strain it.
3
No prepayment penalty
Pay it off early and you stop paying. Most founders clear it well before 6 months.
4
Better terms on renewal
First deal is your most expensive. Perform well and your rate drops.
No personal credit score check
Qualified on revenue trajectory and growth potential, not personal credit history.
No hard collateral required
Your business performance is the underwriting lens, not your personal assets.
Business commitment structure
Like any responsible lender or institutional investor, Yorktown requires standard business commitments from principals to protect all parties. This is the same framework used by banks on business loans and by VCs through corporate resolution agreements.
All principals with 20%+ ownership commit to remaining active in the business and operating it in good faith during the advance term.
The business agrees to stay within standard debt covenants, consistent with the terms of any responsible commercial loan.
No large unauthorized purchases outside normal business operations during the term.
These are company-level operating commitments, not a personal lien or personal guarantee on individual assets.
This is called a Performance Commitment. It reflects the same alignment VCs require through corporate resolution agreements with all stakeholders — the difference is Yorktown takes no equity and no board seat in return.
Application to funded: 2–4 weeks
We schedule the next step before the current call ends.
01
Application
›
02
File review
›
03
Director call
›
04
Term sheet
›
05
Funded
All principals with 20%+ ownership required on the term sheet call. Pricing subject to underwriting review.

Talk to us about non-dilutive capital

Tell us where your business is today and we will follow up personally, usually within one business day.

You can also Apply for Capital directly, or Schedule a Call.

This document is for discussion purposes only and does not constitute a binding offer or guarantee of funding. All terms subject to underwriting. Not investment advice.
Pricing shown at maximum rate of 3%/month. Actual rate determined after application review.  V4 | April 2026 | yorktownfund.com

This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer or solicitation will be made only by means of a confidential private placement memorandum and other applicable documentation. Past performance is not indicative of future results. Investment involves risk, including the possible loss of principal.