What is Business Revenue Financing? - YouTube

What is business revenue financing? And most  importantly how can you use it to get money to  

grow your business. Well in this training I'm going  to decode everything you need to know about using

cash flow in your business to qualify for  financing easily, I'm going to show you how to  

get approved no matter how good or even horrible  your personal credit may be, I'm going to show  

you how to get this even in the newer stages  of your business. I'm going to give you tips  

on exactly how to get revenue financing at  very low rates even though a lot of people  

think that it's not possible. We're going to talk  about what you need to do to get your payments  

to be really low with this kind of financing  and every other detail you need to know to get  

approved, plus I'm going to give you some of my  best tactics to be able to get the most money  

at the best terms, and if you stick around to the  end I'm going to get you access to our funding  

vault of 27 killer ways to get money to grow your business. We got a lot to cover, so let's dive in.

Business revenue financing, is a type of financing  where you can get approved based just on the  

consistency of your cash flow, so if you have cash  flow in your business you've had it for 6 months  

or more, and that cash flow is consistent plus  you're managing your bank account responsibly.  

There's a great chance you can get approved  now there's a lot of benefits of this type  

of financing first of all credit really doesn't  matter. So even if you have a 500 credit score  

even lower than that, there's a lot of lenders  who will approve you for this kind of financing  

and it's one of the fastest type of financing  you can actually get approved for and a lot of  

times you can get approved and get the money in  your bank account in less than 72 hours, because  

all they're really looking at is the consistency  of your revenue. So what does it take to actually  

get approved? Well first of all lenders are going  to want about 3 to 6 months worth of your  

bank statements and typically your merchant  statements as well, they're looking at your  

merchant account statements to make sure you don't have a lot of unusual chargebacks where

customers are demanding their money back stating that you didn't deliver on your products and services

and they're looking at your bank accounts just  to make sure that you manage those responsibly.

So they're typically looking for things like making  sure you have a positive ending bank balance, you  

have money in your bank account at the end of each month. They're looking to make sure  

that you have more money going in the bank every  month than going out, they're looking to see that  

your revenue is consistent month to month or that it's increasing that it's actually growing. They're  

making sure that you don't overdraw your account  and have a lot of non-sufficient funds, basically  

they're looking to make sure that you have enough  money in that bank account to pay the loan

payment you're going to have to pay once they actually issue the loan. Now if you do meet this

criteria if you do manage that bank account responsibly great chance you can get approved and

get funding very quickly. So how do you get the best terms with this kind of financing, well there's a lot of

things that lenders look at first of all they look at  most importantly how you manage your bank

account, again the less risk you are because the more money you have accessible in your bank

account the more money you have at the end of each month, the better you're managing that bank

account the more secure they feel on the deal and the better terms you're going to get. Terms also have

to do with things like what industry you're in, how long have you been in business your business credit

score, your personal credit score. Those will factor into the type of interest rates you're going to pay

and they'll actually factor into the type of term you get. Now with revenue financing the term is even  

more important than the actual interest rate,  and what I mean by that is how long of a term  

they give you to pay them back is more important  than the rate because that is what will actually  

give you a lower payment. So you want to work  with lenders who will give you the longest term,  

typically up to about 5 years with this kind  of financing, so typically they'll give you as  

short a time as 6 months to pay back the actual  debt, they'll give you as much as 5 years to pay  

back the debt. So again you want to get the longest  terms you can that's going to give you the lower  

payment and keep in mind you're typically not  going to get longer terms with revenue financing  

until you've already done at least one of these  loans and paid them back, so what happens is  

typically the interest rate is higher the term is  shorter on the very first loan that you ever get  

once you actually get it and you prove that you  can pay it back, then once you pay back about  

half as much as what's owed then the lender  will typically offer you more money and many  

other sources will start offering you more money with longer terms and better rates. So the key  

is to get in on the best terms that you can  and then prove yourself then it's way easier  

to get more money at even better terms through  future loans as you go to get your second third  

and even fourth type of cash flow financing in the future. You have a lot of different options  

with this type of financing because it's  one of the most popular type of financing  

that's out there in the business world, today it's  offered by thousands and thousands of different  

funding sources, how do you know what's the right one to go with. Well sometimes it's based on your  

industry sometimes it's based on just the overall  risk of the deal what's your credit like how long  

you've been in business, so for example a lot of  cash flow financing lenders want to make sure  

you've been in business for 12 months or more and  have 10,000 a month or $120,000 a year in revenue.  

There's other ones that will lend you money if  you've only been in business for 3 even 6  

months and if you have only $5,000  worth of revenue there's some that really focus on  

certain industries, like restaurants there's others  that won't do certain industries like restaurants.  

So a lot of variables here on where to go there's  also ones that deal with artificial intelligence,  

so if we deal with places like BlueVine or we  look at places like Fundbox they actually use AI to  

underwrite your bank account. They actually get  your login credentials and their technology  

goes into your bank account does the underwriting,  and the nice thing there is you don't have to buy  

merchant account statements and bank statements plus the approval and funding happens

even faster sometimes it's in as little as 24 hours. There's also sources that will give you a second

loan behind the first one or a third loan. So once  you get the first cash flow financing deal, you  

might be able to get a second loan or a third loan  behind that, there's even sources who will give you  

the first loan and even give you a credit line to go along with the first one. So a lot of different  

options with cash flow financing because it is  one of if not the most popular kind of financing  

in the business world, so where do you go for help  well you can definitely get in touch with us and  

we can guide you we work with over a thousand  different funding sources every legitimate  

type of funding product, and on a consultation  with us we'll do a free funding assessment to  

figure out what kind of financing you can get now  and even talk to you about the best sources to be  

able to go through to get that financing. We'll  actually, get your business credit reports with  

Dun and Bradstreet, Equifax, Experian also and go  through those with you give you tips and tactics  

to improve your business credit, and we'll do a  fundability assessment as well to help you fix  

the things that lenders look at that make you  more fundable to radically increase the chances  

of getting approved, and getting approved for the most money at the best terms. Plus  

if you want access to even more cool ways to  get financing then we'll talk to you about  

those on this consultation call, you can  give us a call at 877-600-2487, 877-600-2487

to get your fundability assessment  funding qualification, and your  

business credit reports and review, you can  also schedule online at creditsuite.com/consult  

and don't forget to  grab our funding vault of 27 killer ways  

to get money to grow your business. You can  grab that at creditsuite.com/27ways  

that's creditsuite.com/ the number 27 the word ways. And also if you  

got value from this training make sure you like  and subscribe and keep your eye out for our next  

training we're talking about more cool ways  to get money to start and grow, your business.