Revenue-Based Financing vs Traditional Bank Loans
| Revenue-Based Financing | Traditional bank loans |
|---|---|
| One fixed fee for duration of the cash advance. No admin charges, interest or late fees. |
Interest based on loan duration. Admin and late fees applicable.
|
| No fixed term with flexible repayment period depending on your sales. |
Fixed repayment period.
|
| Flexible repayments tied to sales performance. |
Fixed repayments regardless of business performance.
|
| No security required. |
In most cases security is required.
|
| No business plan required. |
Business plan always required.
|
| Approval within 24 hours. |
Approval normally takes weeks.
|
| Funding is made within days. |
Funding usually takes weeks.
|
The Benefits of Revenue-Based Financing
Easy application process. It takes less than 5 minutes.
No interest rates, APRs or fixed payments.
One all-inclusive cost. No hidden fees.
No security or business plan required.
Credit score isn’t a barrier to receive funding.
Relationship manager to assist with any queries.
Short repayment period (usually 5-10 months).
Simple automatic repayments process via transactions.
