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Corporate Finance & Valuation Intermediate

Revenue-Based Financing & Venture Debt: Caps, Repayment Rates and True Cost

Model RBF caps and revenue shares, build a repayment schedule, find the true annual cost with IRR, test growth sensitivity, structure venture debt with warrants, compare with equity dilution and merchant cash advances, then score the options, every cell checked.

8 lessons 8 labs 2 h Certificate

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What you'll build

What you will be able to do

Each lab ends with a concrete result that you build yourself and the checker confirms, cell by cell.

  • Turn three revenue-based financing offers into total repayment, fee, monthly payment and months to repay.
  • Build Offer A's month-by-month schedule with 4% monthly revenue growth, stop the payments exactly at the cap and chart them.
  • Turn Offer A's 22 monthly payments into net cash flows, find the monthly IRR and compare the effective annual cost with the simple fee rate.
  • Run Offer A at 0%, 3%, 6%, 9% and 12% monthly growth in one grid, count the months to repay and see the effective annual cost rise with growth.
  • Build a 30-month venture loan schedule with 6 interest-only months, add the upfront fee and final payment, find the effective annual cost and size the warrants.
  • Compare three ways to raise USD 2 million by cash cost plus the value of the ownership given up at a USD 60 million exit, and find the exit value at which equity becomes the more expensive choice.
  • Turn four merchant cash advance quotes into payback, daily payment and an APR, and see why the lowest factor rate is not the cheapest money.
  • Score four financing options for Tidewell Analytics on six weighted criteria, rank them, rule out options too small for the need and pick the best one that works.

About this course

A revenue-share deal can look cheap until you calculate its effective annual cost. This course teaches you to compare funding options on equal terms. You set up a revenue-based financing advance with a repayment cap and share, schedule repayments as revenue grows and compute the true IRR from monthly cash flows. A sensitivity shows why faster growth raises the annual cost. You then model venture debt with an interest-only period, amortisation and warrants, set RBF, debt and equity side by side on cash cost and ownership cost, and convert merchant cash advance factor rates into an APR. A weighted scoring lab helps choose financing for a SaaS company. For founders, CFOs and startup finance students.

Curriculum

Course content

8 lessons · 8 labs · 2 h · final exam

  1. Revenue-Based Financing Basics: Advance, Cap and Revenue ShareLab13 min4 checked tasks
    Unlocked when you buy the course
  2. RBF Repayment Schedule with Growing Revenue (Chart)Lab15 min4 checked tasks
    Unlocked when you buy the course
  3. The True Cost of RBF: IRR on Monthly Cash FlowsLab15 min4 checked tasks
    Unlocked when you buy the course
  4. Sensitivity to Growth: Faster Growth, Higher Annual CostLab16 min4 checked tasks
    Unlocked when you buy the course
  5. Venture Debt: Interest-Only Period, Amortisation and WarrantsLab18 min4 checked tasks
    Unlocked when you buy the course
  6. RBF vs Venture Debt vs Equity: Cash Cost and the Cost of OwnershipLab15 min4 checked tasks
    Unlocked when you buy the course
  7. Merchant Cash Advance: Factor Rates vs APRLab14 min4 checked tasks
    Unlocked when you buy the course
  8. Choosing Financing for a SaaS Company: Weighted ScoringLab14 min4 checked tasks
    Unlocked when you buy the course
  9. Final exam12 questions, 75% to pass, unlimited retries.

Certificate

Finish with a certificate you can verify

Complete every lesson and pass the final exam to receive a certificate of completion for this course, with a unique credential ID and a public verification page.

  • Names the course, your score and the date of issue
  • A verification link for your CV or LinkedIn profile
  • 12 questions, 75% to pass, unlimited retries.

A Tutorvo certificate confirms that you completed a course. It is not an official or professional qualification.

Illustration. Your certificate shows your own name, course and credential ID.

Before you buy

Questions about this course

Is this a subscription?

No. You pay $9.99 once for this course. There is no subscription and nothing renews automatically. Prices are in US dollars; taxes may be added where required.

What exactly do I get?

All lessons and labs of this course, the final exam and the certificate, including later updates to the course, for as long as Tutorvo offers it. Access is personal and tied to your account.

Can I get a refund?

Yes. If you are not satisfied, email hello@tutorvo.com within 14 days of buying and we refund the course in full via Stripe. The guarantee does not apply once a certificate for the course has been issued to you, or where there are signs of abuse.

When can I start?

Right after payment. Access starts immediately at your request; for consumers in the EU/EEA the statutory right of withdrawal therefore ends once access has begun, while our 14-day money-back guarantee applies regardless.

Do I need Excel or other software?

No. The labs run in a spreadsheet inside your browser on a laptop, tablet or phone. Function names and syntax follow Excel.

Is the certificate an official qualification?

No. It confirms that you completed all lessons of the course and passed its final exam. It is not an official, state-recognised or professional qualification. The name is taken from your profile when the certificate is issued.

Full details are in our Terms · hello@tutorvo.com

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