Revenue Based Financing
Revenue-based financing provides a lump sum of cash in exchange for a percentage of your future sales. Instead of managing monthly payments, you’ll repay your financing through small, automatic deductions, from your business bank account. Payments are predictable, allowing for enhanced forecasting.
Revenue-based financing can yield funding amounts as high as $10 million, making them a great alternative to traditional business loans. Even better, they’re much more accessible than other types of financing. Whether you’re a startup, a young business, or a seasoned veteran of your industry, revenue-based financing can be an advantageous method of securing the funds you need to capitalize on opportunities and solve challenges.
This type of financing is ideal for when you need cash in the short term and don’t want to go through the hurdles of applying for more traditional loan solutions, like business term loans or SBA programs. Basically, they’re a fast and flexible financing solution to speed up your growth, all without fixed monthly payments.
Revenue-based financing is usually unsecured, so you won’t need to offer collateral to reach an approval. Not only that, but it has the added benefit of keeping your cash flow steady by making payments based on your daily credit card sales instead of a set schedule. In other words, you can adjust your payments to how well your business performs.
If your business is profitable, revenue-based financing can help you take your operation to the next level. You can use the funds for a wide range of business expenses, including operating costs, growth opportunities, and much more.
