Boopos Reviews and SaaS Acquisition Financing After Founderpath
Boopos reviews, rates and status in 2026. Boopos stopped taking loan applications after the Founderpath deal. See what replaced it and what each loan costs.
By the Buyouts team
October 2026 · 8 min read
Short answer: Boopos no longer makes acquisition loans. Its own website said on 7 October 2026 that it is "no longer accepting loan applications" and sends new borrowers to Founderpath, which agreed to buy Boopos in March 2025. The reviews are real and good: 4.7 on Trustpilot from 49 reviews, 98% of them five stars. But the newest one is dated 19 March 2024 and Trustpilot shows none in the last 12 months. If you were counting on Boopos to finance a SaaS purchase, the working options today are Founderpath for buyers that already run a software company, an SBA 7(a) loan for almost everyone else, and a seller note on top of either. This review covers what Boopos charged, what replaced it, and what each route costs on the same deal.
Every figure below was read on the lender's own pages or in the SBA rulebook on 7 October 2026. Where a page disagrees with itself, we say so. Nothing here is a loan quote or financial advice.
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Is Boopos still lending?
No. The Boopos homepage still carries the headline "Acquisition financing up to 2.5x EBITDA, for SaaS businesses", but the FAQ underneath it says: "we are no longer accepting loan applications. Boopos has joined Founderpath." The apply button now reads "Apply for funding with Founderpath". The old financing pages return a 404.
The deal was reported by Refresh Miami on 11 March 2025 as an eight-figure acquisition, with Boopos to "continue servicing its existing portfolio while directing new originations to Founderpath's platform". That is what the site shows 19 months later. Boopos's Trustpilot profile now describes the firm as a boutique M&A advisory business for tech companies, which matches the founder's stated plan to move into advisory work.
Boopos reviews on Trustpilot
| Trustpilot, read 7 Oct 2026 | Figure |
|---|---|
| TrustScore | 4.7 from 49 reviews |
| Five-star share | 98% |
| One-star share | 2% |
| Most recent review | 19 March 2024 |
| Reviews in the last 12 months | 0 |
The reviews describe what Boopos was known for when it was lending: a term sheet within days, a team that stayed available through closing, and buyers who came back for a second acquisition. One reviewer in March 2024 wrote about closing "two separate SaaS acquisitions" with them. Read them as a record of a lender that worked well, not as evidence about a product you can still apply for. Trustpilot itself flags that the company has not invited reviews recently.
What Boopos charged, and why its own page gives two answers
The comparison table still on the Boopos homepage appears twice in the page code, once for wide screens and once for phones, and the two copies do not agree. One says Boopos interest rates were "As low as 16%". The other says "17-23%". Both list funding in 7 days and a prepayment fee of 2% to 3% in the first year. Treat 16% to 23% as the honest range for what a Boopos acquisition loan cost.
The same table describes SBA loans as costing 13.5% to 15.5% with a 5% prepayment fee in the first year. That does not match the SBA rules in force now. Under SOP 50 10 8.1 the maximum variable rate on a 7(a) loan above $350,000 is prime plus 3%, and bank prime has been 7.00% since 17 September 2026, so the ceiling is 10.00%. Lenders may not charge a prepayment fee at all. SBA's own 5%, 3% and 1% fee applies only to loans with a maturity of 15 years or more, which a 10 year software acquisition loan is not. We cover that in the SBA 7(a) prepayment penalty rules for acquisition loans.
Can I still repay or refinance an existing Boopos loan?
Yes. Boopos says existing loans "continue to be serviced as usual, with no immediate changes to terms, payments, or support". Prepayment is allowed through the Boopos app or by email, and the site says prepayments typically need 20 days' notice. It also says you can refinance a Boopos loan with Founderpath if you meet Founderpath's underwriting criteria. If your loan carries a first-year prepayment fee of 2% to 3%, check the date before you refinance.
What Founderpath offers a SaaS buyer instead
Founderpath's partner page for Boopos invites buyers to "take advantage of Boopos special pricing to finance your next software acquisition". It does not publish what that special rate is. What Founderpath does publish is its standard term loan:
| Founderpath term loan | Published terms, 7 Oct 2026 |
|---|---|
| Loan size | $500,000 to $10,000,000 |
| Interest rate | From 15% |
| Term | Up to 4 years |
| Interest-only period | Up to 24 months |
| Personal guarantee | None |
| Warrants or equity | None |
| Company stage | $3M+ in revenue |
| Time to close | Under 4 weeks |
Its FAQ answers the acquisition question directly. Asked whether a term loan can help finance buying another company, Founderpath says yes, and that underwriting reviews the target's P&L, balance sheet, customer list and bank data alongside your own, with lending based on the combined business. Its general eligibility line is at least $500,000 in last-year revenue with recurring or repeat revenue.
Read those two lines together and the fit becomes clear. Founderpath lends to a software company that is buying another one. A first-time buyer with savings and no operating business has no revenue of their own to underwrite, which is the borrower Boopos used to serve and the gap its exit left.
Boopos alternatives for financing a SaaS acquisition
| Route | Who it fits |
|---|---|
| Founderpath term loan | An operating SaaS buying another |
| SBA 7(a) loan | A US individual buyer |
| Seller note | Any buyer the seller trusts |
| Cash plus an earnout | Deals under about $300,000 |
SBA 7(a). This is the default for a US buyer purchasing a profitable software business up to a $5,000,000 loan. The rate ceiling is prime plus 3% above $350,000, the usual term is 10 years, and the minimum equity injection on a change of ownership is 10%. The costs Boopos did not have are the personal guarantee from every owner of 20% or more, the upfront guaranty fee, and time. Our guide to an SBA loan to buy a business has the full rules, and the SBA guaranty fee calculator prices the fee to the dollar.
A seller note. Most small software deals include one. The seller carries part of the price, usually over three to five years. On an SBA deal the note can also count toward your equity injection if it is on full standby, as set out in our piece on the SBA standby seller note. For pricing one, see what interest rate a seller note should carry.
Cash and an earnout. Below roughly $300,000, lender fees and diligence costs eat a large share of any loan. Buyers at that size usually pay cash at closing and tie the rest to performance.
What the same deal costs under each lender
Take a SaaS business priced at $1,000,000 with a $750,000 loan. The payments below are our arithmetic on the published rates, with level monthly payments and no fees included. They are not quotes.
| Loan of $750,000 | Monthly payment (our math) |
|---|---|
| SBA 7(a), 10.00%, 10 years | About $9,911 |
| Founderpath, 15%, 4 years | About $20,873 |
| Boopos low end, 16%, 4 years | About $21,255 |
| Boopos high end, 23%, 4 years | About $24,039 |
We assumed a four-year term for Boopos because its page publishes the rate but not the term, so that row is an illustration. The point survives any reasonable term: fast private credit on a short schedule needs the business to throw off more than twice the cash each month that an SBA loan does. A lender will want the business's cash flow to cover the payment with room to spare, and SBA lenders look for about 1.25 times. At $9,911 a month that means roughly $149,000 of annual cash flow. At $20,873 it means about $313,000, from the same $1,000,000 business.
Speed was what Boopos sold, and it was worth paying for when a seller had two offers. If you go the SBA route, you get some of that speed back by having the file ready: three years of tax returns, monthly revenue by customer, and bank statements that match the revenue the seller reports. Running the seller's statements through bank reconciliation software before the lender asks is a cheap way to find the months that do not tie out.
Should you use a broker to replace Boopos?
Some buyers who relied on Boopos now hire an SBA loan broker to find a lender that likes software deals. That can work, since many banks still prefer businesses with hard assets. Know the rules first. A broker who bills you a percentage is capped at 2% of the first $1,000,000 and may not make the fee depend on closing. The details and a quote checker are on our page about SBA loan broker fees and the Form 159 limits.
Frequently asked questions
Is Boopos legit?
Yes. Boopos was a real Miami-based lender that financed acquisitions of SaaS and other online businesses, with a 4.7 Trustpilot score from 49 reviews. It stopped taking loan applications after agreeing to be acquired by Founderpath in March 2025, and it continues to service the loans it already made.
What happened to Boopos?
Founderpath agreed to acquire Boopos in a deal reported on 11 March 2025 as eight figures. Boopos kept servicing its existing loans and directed new borrowers to Founderpath. As of 7 October 2026 its website says it is no longer accepting loan applications.
What interest rate did Boopos charge?
Boopos's own comparison table gives two figures, "as low as 16%" in one version and "17-23%" in the other, with funding in about 7 days and a prepayment fee of 2% to 3% in the first year. So the published range was 16% to 23%.
Does Founderpath finance acquisitions?
Yes, for existing companies. Founderpath says a term loan can help finance buying another company and that it underwrites the target's financials together with the buyer's. Its term loans run from $500,000 to $10,000,000 at rates from 15%, for companies it describes as having $3M or more in revenue.
Can I get a loan to buy a SaaS business with no personal guarantee?
From a revenue-based lender, yes, if you already own a software company with enough revenue. Founderpath publishes "Personal guarantee: None" on its term loans. An SBA 7(a) loan always requires a full personal guarantee from each owner of 20% or more, as covered in our guide to the SBA loan personal guarantee.
What is the cheapest way to finance a SaaS acquisition?
For a US buyer, usually an SBA 7(a) loan combined with a seller note. The 7(a) rate is capped at prime plus 3% on loans above $350,000, which is 10.00% in October 2026, against 15% and up from private software lenders. The trade is a personal guarantee, more paperwork and a slower close.
Whichever lender you use, the loan is only as good as the numbers behind the business. Buyer access on Buyouts starts at $99 a month and shows verified MRR, churn and growth on every SaaS listing before you make an offer.
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