Guide
Repayment flexes with revenue rather than sitting fixed.
✓ Checking what you qualify for does not affect your credit score.
Revenue-based funding here is read at 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
It is faster and more forgiving on time in business and existing positions than the bank-style products, at a higher cost of capital. That is the trade, stated plainly.
It suits businesses with variable or seasonal revenue where a fixed weekly payment in a slow month is the actual risk.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
The cost difference between this and Tier 1 is real. If you are close to 650 and 3 years, waiting a cycle can be worth more than funding today.
Line of credit from 1% per month on the drawn balance, 2.49% per draw. Term loan 0% origination on weekly payments. Refinance priced with a factor rate.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
Yes, up to two existing positions.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
