We specialize in funding for businesses that have difficulty getting money elsewhere. Whether that’s due to the newness of your business, a low credit score or other special circumstances, we can help. Here’s how it works.
Our online funding process is fast and simple, and it takes less time than applying for a traditional bank loan.
You can start your online funding application easily from Revenued.com. Just fill in the form, and we’ll collect important information about your business that helps us understand how we can assist you. All the questions should be straightforward, but if you have any questions or concerns, you can contact us.
Once we’ve received and reviewed your information, a funding advisor will contact you. They will talk through your unique circumstances to create a specialized funding plan that meets your needs.
Once we’ve agreed to a funding plan, we need to review some additional information about your business. We’ll send you a brief application and checklist of the documents we need. The more information you can provide, the quicker we can approve your funds.
We will review your application and supporting documents, and contact you to discuss the funding programs you’re qualified for. We’ll review your business performance, financials and how you intend to use the money.
Once approved, just choose a plan and sign the funding agreement. We’ll collect any additional information, and if everything is in order we’ll deposit the funds into your business bank account.
Our small business financing options include all of the following:
Here’s how the various types of business financing compare to each other.
| Requirements | |||||||
|---|---|---|---|---|---|---|---|
| Type of funding | Structure | Application | Credit Score | Collateral | Business History | Speed of Receiving Funds | Repayment Terms |
| Bank loan | Fixed-term loan | Personal and business credit history, free cash flow, income statement, balance sheet | The higher the better | Yes, on secured loans | 3 years or more | 2 weeks or more | Monthly payments over the lifetime of the loan, typically 1-5 years |
| Credit card | Rotating credit | Personal and business credit history, business income, overall finances | The higher the better; this is the biggest single factor in getting a business credit card | No | 3 years or more | Can be days to weeks; you will receive a credit limit, rather than funds | Revolving loan with a monthly payment, usually 1%-2% of balance |
| Online lender | Cash advance/credit line | Varies, and relies more on proving business revenue | Medium-high credit, rolling terms based on credit score | No | 1-2 years | 1-7 days | 3-, 6-, 12- or 24-month terms; payments varying from daily to monthly; penalty for early repayment |
| Merchant cash advance | Cash advance | Varies, and relies more on proving business revenue | Low to none | No | 1 year | 1-7 days | Fixed percentage of revenue until advance is repaid |
| SBA loan | Fixed-term loan | Extensive, in-depth paperwork, personal and business documentation including detailed business history | The higher the better | Yes | 2 year | 1 month or more | Monthly payments over the lifetime of the loan |
| Crowdfunding | Crowdsourced funds | Meet platform rules; create campaign, marketing, social media and other factors to promote | Not relevant, although a history of success can be beneficial | No, but you may want to offer “rewards” to backers | Not relevant, although a history of success can be beneficial | Depends on length of campaign | No need for repayments, although you typically have to offer products or services in lieu of repayment |
| Peer-to-peer lending | Peer-to-peer | Good annual revenue, several years in business, good business pitch, personal credit history | The higher the better | No | 2 years or more | 4-8 days | Schedule varies, but anywhere between 6 months and 10 years |
If these circumstances apply, we can help. Head over to our easy online application form and get started now with securing your small business financing quickly.
A business credit report offers a summary of your business’ financial dealings, including your history of paying bills, debt-to-credit-ratio, defaults or bankruptcies, creditworthiness and more.
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