Revenue Based Funding: Finance Your Business Growth
Fund Your Business Growth
One of the biggest challenges for struggling businesses is locating the capital that they need to survive and thrive. If you are a business owner seeking growth and expansion, then revenue based funding is the “King” of the bank statement business loans and may very well be just what you need. Such an advance can provide you with the funding you require for equipment purchases, employee reimbursement, business ventures, security and more. First Choice Funding Group provides a unique product tailored to assist businesses facing challenges in competitive industries. Moreover, with revenue-based funding, perfect credit isn’t necessary, nor is collateral; repayment occurs through fixed payment intervals.
Revenue Based Funding Vs. Traditional Lending:
Revenue Based Lending and Traditional Lending
Revenue-based funding and traditional bank lending represent two distinct approaches to business financing. Traditionally, bank funding entails securing loans based on factors like credit history, collateral, and fixed repayment terms. Our business loan offers flexible funding, with businesses receiving capital in exchange for a percentage of future earnings. Traditional banks require extensive documentation and strict criteria; our loans assess revenue, providing accessible financing to businesses with limited history. Additionally, revenue-based funding often offers more flexibility in repayment, as payments fluctuate based on the company’s earnings. Choice between our loans and traditional banking depends on business needs, with each option offering unique advantages.
Revenue Based Funding: Pricing Per Dollar & Basic Qualifications:
Total payback costs from 18¢-50¢ per borrowed dollar. Example: Borrow $10,000 payback $12,000-$15,000. Terms from 3-24 months.
With a 6 month term, your total cost can be as low as 18¢ per dollar.
Average cost is 30¢ (example: borrow $10,000, payback $13,000).
Typical funding amount is $40,000.
With a 12 month term, your total cost can be as low as 18¢ per dollar.
Average cost is 35¢ (example: borrow $10,000, payback $13,500).
Typical funding amount is $80,000.
With a 24 month term, your total cost can be as low as 20¢ per dollar.
Average cost is 42¢
Typical funding amount is $130,000.
Origination Fee
0%-5% of capital for your first funding (deducted from your capital advance at time of funding).
Example: $100,000 funding with 2% fees; $2,000 fee would be deducted from the funding, so $98,000 would be wired to you.
Minimum Qualifications
*Eligibility for the lowest prices shown above are reserved for customers with the strongest cashflows and credit profiles. Returning customers with the strongest credit profiles and excellent payment history on prior capital products from First Choice Funding Group are eligible for our even lower premier rates.
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