who is Revenue-Based Financing best suited for?
Revenue-Based Financing Requirements:
- 3 Months in Business
- Must be a U.S.-Based Business
- Minimum $5,000 in Monthly Revenue
- Must Have Business Bank Account
- Must Have a Credit Score of 500 or Higher
what are the benefits Revenue-Based Financing?
Everyone knows the lengthy paperwork required to obtain a business loan. Luckily, we strive to have a fast turnaround time and get small business owners the funds they need within 24 hours. This is a speedy and flexible way for business owners to obtain the working capital they need. This sort of revenue-based financing does not typically require any collateral nor perfect credit scores and is easier to qualify for than traditional business loans. The paperwork needed is minimal and the application is easy and fast to ensure a smooth funding process.
Revenue-Based Financing Uses
One of the best advantages of revenue-based financing is the management of the capital. Lenders do not control how the company invests the funds. Some common uses for revenue-based financing include:
how does the Revenue-Based Financing
process work?
Funders take into consideration time in business and monthly revenues to know how much working capital you may qualify for.