Business loans
Revenue-based financing
Growth capital repaid as a small percentage of monthly sales, so payments shrink in slow months and grow in strong ones. No equity given up.
Revenue-based financing is similar to a term loan, but instead of a fixed monthly payment, a set percentage of revenue is collected until the principal and fees are repaid. That flexibility suits growing companies, and the program is designed to reach women-, minority-, veteran-, and LGBTQ+-owned businesses and companies in low- to moderate-income areas.
Business characteristics
- Revenue of $1 million or higher
- Profitable, break-even, or with a clear path to profitability
- Growing revenues or positive trends
- Recurring contracts and predictable revenue models are the best fit
- 12 to 18 months minimum time in business
- Priority for woman-, person-of-color-, veteran-, and LGBTQ+-owned companies, companies in low- to moderate-income areas, and companies committed to inclusive hiring
Lending criteria
- Term: 2 to 5 years
- Funding amounts from $50,000 to $1 million
- Repayment: a portion of revenue paid monthly at a pre-established percentage, typically 3% to 9% of monthly cash receipts, until principal and fees are repaid
What underwriting needs
- Two years of monthly financial statements (balance sheet, profit and loss, cash flow)
- Revenue by customer
- Debt schedule
- Projections, if available
Approvals in as little as 48 hours once the package is complete.