When businesses get going, it can take some time to get a steady stream of revenue coming in. Therefore, it can be challenging to take out a traditional small business loan that requires a static payment with applied interest every month. Revenue-based business loans provide business owners with the option to calculate payments based on predicted revenue. This ensures that the business can make progress towards repayment without overpaying or underpaying in any given month.
Why get a revenue based loan?
Most business line of credit solutions are unsecured.
Access your funds in as little as 1 to 3 business days
An easy process that isn’t hindered by past credit issues
24 Hour Approval
Approvals within 24 hours of your application
What is a revenue based loan?
Revenue-based business loans are unique loan options that provide funding up front, but only require monthly payback as a percentage of future monthly revenue. Payments continue for as long as it takes to repay the principle balance and interest in full.
Typical funding ranges from $10,000 - $5,000,000
Our loans range from 3 months to 10 years in length
Our rates start at 9% based on your credit rating
We’re fast and can often fund your loan within 1 to 3 business days
Is a revenue based loan right for you?
If you know that a small business loan won’t work for you because you don’t have the credit score or collateral needed, and because you don’t want to be stuck at a lower payment when you know revenue will increase and you can make a higher monthly payment down the road, then the US Capital revenue-based business loan may be the best option for your business.
While you plan to use your small business loan to increase revenue, that increase isn’t going to just happen immediately. Instead, you need a long-term investment, and not just a short-term fix. Big business investments take time to generate results and turn a profit or good revenue.
Benefits of a revenue based loan
- Get access to your funds fast
- Easy approval process
- Your past credit issues won’t hinder you
- Your loan can be used for a variety of business-related purposes
Drawbacks of a revenue based loan
- These loans are subject to higher interest rates and fees than traditional business loans
- You may be required to put up collateral to quality for a revenue-based business loan
How to qualify for a revenue based loan
To apply for a revenue-based business loan, business owners will need to provide three months’ worth of business bank statements. However, revenue-based loans do have a few more requirements than many other more traditional types of business loans. Your approval will be based on your revenue and you will need to prove that you have a steady baseline revenue and that revenue will increase in the coming months.
Most customers approved for a revenue-based business loan met the following criteria
- Annual revenue of $120,000 or more
- A credit score of 525 or higher
- Four or more months or more of business history
To apply, you will need
- Driver’s license
- Voided check from your business account
- Recent bank statements
- A completed application for US Capital
US Capital can help with your revenue based loan
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US Capital has helped hundreds of business owners get the capital they need to succeed. You could become the next US Capital success story!
“I needed some capital to cover payroll but my credit union wasn't going to be able to fund me in time. US Capital found me an awesome short term loan that made sense. Shout out to Rick for making it an awesome experience the whole way through!”Patricia WilliamsPaisans Catering Co.
“I landed an awesome contract with the state but needed some new equipment to be able to deliver. I called US Capital and was able to secure a loan to purchase our new trucks and had the funds in my account next day. It was a no brainer, thanks US Capital!”Roger McfeeLambert Paving Co.