Estimated Repayment Terms – 3-18 Months
Factor Rate – starting at 1.14%
Funding Amount or Loan Amount – up to $500,000
Speed of Funding – as fast as same day
This type of funding product does not have an interest rate to pay back but instead a shared percentage of future revenue in exchange for capital up front. The loan payments are tied to monthly revenue. Therefore, you won’t have a large payment during a down month. This type of funding has less stringent credit requirements and a much higher approval rate than traditional forms of financing.