WTI is unique in that in the event of a pre-payment, WTI will ask a startup to pay the future interest that would have been paid in future years. There is no discount on future interest for pre-paying a loan. In fact, it’s worse for the startup because the future interest is paid earlier in the loan amortization period so the effective interest rate is actually much higher. Startups typically only do this if they are refinancing into a bigger loan or have raised a lot of equity. Note that because WTI requires the payment of all future interest, the loan is much less attractive to pre-pay. Therefore the borrower is much more likely to stick with WTI and put a larger loan in place rather than refinancing and going with a new lender. WTI’s pre-payment language helps it retain the best borrowers.