Revenue based Financing a quick, easy way to get a business capital with no need for collateral—even if you don’t have a great credit score.
Businesses that have little or no collateral, limited business history, or a low credit rating, revenue based financing could be a solution for your needs. Revenue Based Financing has the easiest eligibility standards, so most small businesses shouldn’t have a problem qualifying.
For businesses that make a big portion of their revenue through credit card payments—if you own a restaurant or a retail store, for example—then you can use a Revenue Based Financing as a short-term tool. It can help with working capital, inventory purchases, debt payments, unexpected payments, and more.
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Call Globelend Capital: 855.842.5626
Every business could use some extra capital… But applying for loans takes time and energy that you might not have. Plus, even after you send out an application, there’s a chance you don’t even qualify.
At Globelend Capital, we pride ourselves on having a marketplace that can help out all different sorts of business owners. If you don’t have the time to wait for a typical loan or wouldn’t qualify, Revenue Based Financing might be best for your business.
Let’s look at how you can calculate the actual cost of Revenue Based Financing.
Say you’re financed $20,000 with a factor rate of 1.17. $20,000 multiplied by 1.17 is $23,400, which is what you’ll need to repay with daily transactions.