Revenue-based or shared earning financing at first glance looks a lot like a bank loan, almost the original revenue-based financiers... the loan officer isn't going to approve the small business loan if it doesn't look like you have the revenue to pay it off, and 'return cap' is roughly kinda another way of modeling interest rate returns.

Can you talk more about revenue financing vs. bank loans? eg I assume bank loans are lower risk and often want physical assets backing the loan instead of paper equity. I'm curious how this model fits into the broader world of alternatives-to-VC-financing.