How revenue based financing can help your small business grow

How revenue based financing can help your small business grow.jpeg

Small business owners are painfully aware of the dips that their revenue levels experience on a month-to-month basis. They are also aware of how the many challenges of managing cash flow in a small business environment can make obtaining working capital at a reasonable rate all the more difficult. 

Fortunately, you don't have to let the variances in your small business cash flow get in the way of your business funding. If you are in need of an infusion of working capital, you may want to look into revenue-based financing.

The capital you need from a source that you trust

Business funding is available in many different forms, and if you may not be a good candidate for a business loan from your local bank, it doesn't mean that you are without options. Due to the many variances in your small business cash flow from month to month, you may not meet the funding requirements of your regular banking institution.

With revenue-based financing, there is no equity needed, and your loan payment each month is a fixed percentage of revenue, rather than a set dollar amount. This percentage-based payment allows for the flexibility in repayment that is necessary for businesses that have a wide fluctuation in cash flow each month.

Short-term loan periods and long-term solutions

Revenue-based loans provided by LVRG are structured with a six 18-month loan period. This type of financing is underwritten in a straightforward manner, with your past cumulative sales as the main gauge of your suitability. This allows us to determine if you are eligible for funding quickly and offer almost immediate funding upon approval. 

The LVRG team will work with you to help you get the financing you need, even if your past credit history is less than stellar. If your established small business is doing well, but not creating enough cash flow to generate the working capital that you need, it's time to learn more about revenue-based financing. Small businesses need capital to grow, and no one understands that more than LVRG.

Interested in learning more about how revenue based financing can help your small business manage cash flow and have the necessary working capital on hand? Contact us today to learn more about our small business solutions and how we can help your business thrive now and well into the future!