Revenue-based loan startup Lighter Capital announced the launch of a new feature this week called Design-A-Loan.

Design-A-Loan makes it easy for borrowers to draft a tailored loan based on their personal situation.

Here’s how it works:

1. Enter your business’ revenue from the previous three months

2. Decide the amount you want to borrow and the term of the loan

The tool generates the rate of the loan

3. Apply for the loan

This tool provides a non-intimidating platform where potential borrowers can experiment with different loan types before applying for one.

To learn more about Lighter Capital, watch its FinovateFall 2011 demo.