We can help your business get up to $3 Million in Financing
Unlike a traditional bank loan, which has a lengthy approval process, stricter criteria, and fixed payment schedules, revenue based financing will be paid back by deducting a percentage of your future sales.
Grow your business with revenue based financing options provided by Platform Funding.
Revenue based financing allows you to sell a % of your future receivables at a fixed cost. That fixed cost is then repaid over a period of time until the purchase amount is received. If the business experiences a change in monthly revenue—good or bad—the repayment schedule can be adjusted accordingly. Revenue based financing can provide a fast alternative to the lengthy and document-intensive process of applying for a traditional bank loan.
Revenue based financing is our core product. It differs from traditional bank loans in that it is designed to integrate seamlessly into your business’s day-to-day receivables and monthly revenue. It’s an easy way for your business to get the funding it needs without the headaches of the traditional bank loan application and approval process.
Revenue based financing allows you to sell a % of your future receivables at a fixed cost. That fixed cost is then repaid over a period of time until the purchase amount is received. If the business experiences a change in monthly revenue—good or bad—the repayment schedule can be adjusted accordingly. Revenue based financing can provide a fast alternative to the lengthy and document-intensive process of applying for a traditional bank loan.
The purpose of revenue based financing is to provide growing companies with an alternative to traditional forms of financing such as debt or equity. Revenue based financing allows companies access to working capital based on their current and future revenue streams, rather than traditional methods that may require equity dilution or fixed repayments. This form of financing provides companies with more flexible repayment structure and a focus on revenue growth.
The goal of revenue financing is to help companies achieve their growth goals by providing them with the capital they need to invest in their business, without having to sacrifice ownership or equity in their company. The revenue advance enables companies to repay their funders based on a percentage of their monthly revenue, which can be a more sustainable way to repay debt and minimize the risk of cash flow constraints.
Answer: Revenue based financing operates through the following process:
Assessment of financials:
Answer: Revenue based financing can be a good option for your business, but it depends on several factors, including the company’s financials, revenue growth, seasonality, and future projections.
To determine if revenue based financing is good for your business, you should consider the following factors:
If you are unsure about revenue based financing, you can speak to a funding specialist at Platform Funding. We can help you evaluate your financials, revenue growth, and future projections to determine if revenue based financing is the right option for you.
Answer: Yes, even business owners with a bad credit history can apply for revenue based financing. In some cases, RBF’s can be the simplest and most efficient option for those with a less-than-ideal credit history. This type of financing is based on a business’s revenue, not credit score, which can make it more accessible for business owners with a poor credit history.
A business line of credit can be an essential tool for managing your company’s cash flow, particularly if you experience irregular income or expenses. With a line of credit, you can draw on a predetermined amount of funds as needed, and only pay interest on the amount you use.
If you’re looking for a business credit line, Platform Funding can help! We understand that every business is unique, with different financial needs and goals. That’s why we take the time to get to know your business and recommend lenders and credit products that best fit your situation.
When you work with Platform Funding, you can expect a streamlined application process and quick funding decisions. We’ll work with you to prepare your application and submit it to our lending partners, taking the hassle out of the borrowing process.
Whether you need a credit line to finance inventory, cover unexpected expenses or bridge cash flow gaps, Platform Funding can help. Contact us today to learn more about our business line of credit options and start your application.
We can help your business get up to $3 Million in Financing.
Let’s start getting you funded. Use the link below or call (866) 473-1455.
Our process is simple, fast, and secure.