-
What is Revenue Based Lending?
It is a flexible lending solution that makes it possible to access the working capital you need without the need for collateral or giving up equity in your business. Your business will receive the capital from the finance company in exchange for a percentage of its future revenue.
-
What are the terms and amounts a business can qualify for?
We offer funding from $5,000 to $1,000,000. Our terms range from 6 to 24 months.
-
What industries do you service?
We work with over 500 different types of businesses. There are a few industries we are not able to service. Our restricted industries include adult entertainment, bail bonds, gambling and casinos, government/public organizations, money businesses, mortgage brokers, non-profits, pawn shops and religious organizations.
-
What do I need to qualify?
All submissions are reviewed case by case. Applicants typically should have the following: Minimum time in business: 12 months Minimum Annual Revenue: $250,000 Minimum Credit Score: 550 +
-
How is the cost of capital determined?
The cost of capital is determined by a variety of factors, which included, industry, time in business, monthly revenue deposits into business bank account, and a combination of personal and business credit. We do not just focus on credit alone which helps in fair credit situations.
-
What information do I need to provide to apply?
We require a simple one page application with basic information about the business and the business ownership Last 4 months of your business bank statements
-
Are there any penalties for paying off early?
No, on the contrary, many of our programs have an early payoff discount. We do not penalize but reward early payoffs.
-
How quickly is the approval process?
Our application to approval process typically takes about 2-3 hours. Once you complete the application and submit it to us with 4 months bank statements we will have it evaluated and find you the best product to fit your needs. You can apply or speak to us directly by calling (866) 454 FUND.
-
How quickly can I receive funding?
Typically, once approved and contracts are signed we can have you funds the same or next day.
-
How does the repayment work?
Payments will be deducted from your business bank account on a daily, weekly or bi weekly basis, based on what type of funding the company is approved for.
-
When would I be eligible for additional funding?
You may be eligible for additional funding once you have paid down roughly 50% of the current advance. In some case if revenue is up or you took less than the full approval amount, we may be able to get you additional funding sooner. Always reach out to your Funding Specialist who can better assist you with this request.
-
I may have some additional questions, how can I get answers?
You can contact us or apply now to get connected with a representative. You can also email us directly @ [email protected] or call us directly (866) 454-FUND and one of our Funding Specialist would be happy to be of assistance.
Call Anytime
(866) 454- FUND
