By satisfying the basic criteria listed below, you’ll have an 80% likelihood of securing approval from at least one of our 20+ funding partners.
Basic Criteria:
- Monthly business revenue of $15,000 or more for the past three months (confirmed via bank statements)
- An active business checking account (personal accounts are not eligible)
- Owner’s FICO score of 550 or higher (a lower threshold than most conventional lenders demand)
- Few days with a zero balance and minimal NSF (non-sufficient funds) incidents in the past month
Our streamlined process is built to approve businesses more quickly and frequently than traditional banks, requiring no collateral and featuring an easy online application.
How Much Do I Qualify For?
The funding amount you’re eligible for generally ranges from 50% to 200% of your monthly business revenue. For instance, if your business generates $50,000 in monthly sales, you could qualify for anywhere between $25,000 and $100,000.
These are short-term advances and loans, so lenders assess your current monthly revenue and average daily bank balance to determine an affordable daily or weekly payment for your business. They then reverse-engineer your approval amount based on that figure.
Note that if you have existing loans or advances, your approval amount might be reduced, as a portion of your revenue is already allocated to those repayments.
How Long Do I have To Pay The Advance/Loan?
Repayment periods generally span 4 to 18 months, with an average term of about 9 months.
Lenders evaluate your current sales and banking patterns to set a repayment plan that fits your business’s capacity. Shorter terms and payment amounts are tailored to what they estimate your business can sustain, even if your revenue remains steady. Ideally, though, the added capital boosts your sales and performance, simplifying repayment as time goes on.
Additionally, all clients may qualify for further funding once they’ve built a reliable payment track record—sometimes even before fully paying off the existing advance.
How Much Does a Revenue Based Funding Cost?
The cost of capital typically ranges from 1.18x to 1.5x the amount advanced.
For example, if your business receives $30,000, your total repayment may range from $35,400 to $45,000 over 6 to 18 months.
How Long Will It Take To Receive My Funds?
The timeline for receiving funds depends on the lender and the details of your application, but business cash advances are typically disbursed swiftly. Most providers strive to deposit funds within 24 to 48 hours following approval.
How Does The Cost Compare To Traditional Bank Loans?
A conventional bank loan at 12% interest over 5 years would cost roughly 1.34x times the borrowed amount—for example, a $30,000 loan would lead to a total repayment of $40,200. However, it often takes weeks or months to obtain, demanding collateral, a strong credit score, and a lengthy approval process.
In contrast, with our funding, the total repayment for a $30,000 advance would typically fall between $35,400 and $45,000.
Am I Restricted In What I Do With The Funds?
No, there are no limitations on how you use the funds.
Although many businesses channel the capital into boosting revenue and profits—like buying inventory at a discount, expanding operations, or managing unforeseen costs—you have the freedom to deploy it according to your specific business priorities.
These advances are crafted to offer versatility, whether your goal is to grow, smooth out cash flow, or capitalize on a time-critical opportunity.
Does revenue based funding affect credit score?
In most cases, obtaining a funding advance doesn’t directly affect your credit score, as providers generally avoid hard credit checks that would show up on your credit report.