Revenue-Based Financing
About Revenue-Based Financing
Also known as a "Merchant Cash Advance"
Revenue-Based Financing is meant to alleviate time sensitive funding needs. Business owners seek revenue-based financing to obtain the working capital that they need for day to day operations. The term “revenue-based financing” is used because merchants repay the funds in about 3-18 months. They may need immediate funds to cover an emergency or take on new business opportunities. At times, cash flow becomes tight when running a business, so owners seek funding from alternative financing companies. Revenue-Based Financing is flexible and less restrictive than bank loans, making it easier for small business owners to focus on their company operations.
Advantages of 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.
- 24 Hour Turnaround
- Flexible use of Funds
- Flexible Repayment Amounts
- Easy Qualification Requirements
- Flexible with Most Credit Scores
- Minimal Paperwork
How to Get Revenue-Based Financing
To get started with easy revenue-based financing, the first step is to contact a funding specialist by telephone or to fill out our online application. The next steps would be to submit all required documentation, such as financial statements and business documents. Financing options range from $5,000 to $1,000,000 and are available to many different industries. Funders take into consideration time in business and monthly revenues to know how much working capital you may qualify 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
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:
- Buying Inventory
- Equipment Purchasing
- Launching Marketing Campaigns
- Renovations
- Expanding Locations
- Make Payroll
- Hiring Staff
- Debt Consolidation
- Preparation for Busy Season
- Seasonal Advertising