The approvals for revenue based financing has less stringent credit requirements and are based on time in business and historical revenue, thus having higher approval rate than traditional forms of financing. The process is further simplified through an easy application process that requires minimal documentation.
Revenue based financing does not require an upfront collateral because these are not a typical loan. The main requirements for this type of financing are a good revenue history and a high potential for future sales, meaning you do not need to have high assets to get approved.
Traditional loans approval process pose challenges to business owners with their timing uncertainties. Our revenue-based financing allows business owners to access the funds in as little as one day and cash can typically be available to you within a week, thus the business owners need not wait or handle the timing uncertainties related to traditional loans.