The Benefits of Revenue Based Funding

What are the benefits of Revenue Based Funding? Well, traditional lending is great. if your business can qualify. However, did you know that only about 20% of businesses qualify for a loan from traditional lenders. Revenue Based Funding offers a great opportunity to get extra capital for those businesses who the banks disapprove for various reasons. Revenue Based Funding can also move much faster than traditional loans. which is great if you are in a time crunch.
There are many reasons that a business owner may turn to Revenue Based Funding. One of these reasons includes the less stringent credit requirements that this type of funding offers. Traditional lenders often require credit scores as high as 640 to 700 in order to be approved for a loan. However, with Revenue Based Funding your credit score is not the main focus. We work with companies that can fund business owners with credit scores as low as 500. As long as you have been in business for at least 6 months and bring in consistent monthly revenue of at least $5,000, your business is a great candidate for approval with Revenue Based Funding.

Another large concern with traditional lending is that often times banks will ask that business owners put their homes up as collateral for their loan. It is understandable why this requirement can make many business owners uncomfortable. As a business owner myself, I prefer to keep my personal and business assets separate. Another great thing about the Revenue Based Funding companies that we work with is that they will not ask you to use your home as collateral, completely alleviating this concern.

Another drawback to traditional lending is that banks tend to avoid lending to businesses in certain industries that they consider "high risk". Owners of trucking companies, restaurants, etc, often find themselves denied for loans because of the industries that they work within. Fortunately, the funding companies that we work with are different. Unlike traditional lenders, we help fund truckers, restaurateurs, and business owners in every industry every single day!

Lastly, one of the biggest benefits that Revenue Based Funding may hold is its speed. It can sometimes take weeks or even months to receive capital from a traditional lender. If you are in a time crunch or in need of emergency funds, this may simply not work. DAC Funds Me! works with funding companies that can get your capital to you fast. Smaller fundings may be received the same business day. While larger fundings up to $2 million dollars can be received in as little as 1 - 3 business days.

 If you would like to learn more about Revenue Based Funding, please get in touch or click the button below to get started with the simple online application.