Frequently Asked Questions
How Long Will It Take To Receive Funding?
It’s possible to receive funding the same day, depending on the requested amount. Generally, you will receive a conditional pre-approved offer the day you apply. Pre-approvals are subject to change based on subsequent due diligence.
What Are The Benefits Of This Type Of Funding?
We offer a level of speed, accessibility, flexibility, and transparency that is uncommon in traditional financing methods.
What’s The Difference Between Revenue-Based Financing (RBF) And Term Loan?
RBFs can be up to 12 months with a maximum funding amount of $3,000,000 while Term Loans are eligible for estimated repayment over 12 to 24 months and loan amounts up to $2,500,000.
How Do I Know If My Business Qualifies?
Our minimum requirements are: two years in business, $100,000 a month in revenue, and 625 FICO. Subject to the overall quality of the file.
How Do I Satisfy My Advance?
Payments are drawn directly from the business bank account of your choice on a daily, weekly, and in some cases on a bi-weekly or monthly basis. Payment frequency is determined based on the strength of the business as a whole and the payment structure of any existing advances or debt.
Can I Payoff Early?
Yes. You can repurchase the sold receivables at any time without penalty. A discounted repurchase price may be available.
What Happens If I Miss A Remittance?
Contact us. We ask that you reach out if you know you’re going to miss a remittance. If a long-term issue arises, we are happy to reassess your file to see if you’re eligible for a modification.