Revenue-Based Financing has become an increasingly popular option for small businesses seeking funding. This alternative financing solution offers flexibility and accessibility that traditional loans do not provide. Distilled Funding is a leading provider of Revenue-Based Financing, and in this article, we will explore how to qualify for this type of funding with Distilled Funding.
Revenue-Based Financing, also known as revenue-based loans or revenue-share financing, is a form of business financing where a company receives upfront capital in exchange for a percentage of future earnings. This type of financing is typically best suited for businesses with consistent revenue streams but may not qualify for traditional bank loans.
To qualify for Revenue-Based Financing with Distilled Funding, there are several key factors to consider. The first and most important requirement is a minimum monthly revenue threshold. Distilled Funding typically requires businesses to have a minimum monthly revenue of $10,000 to qualify for their financing options. This ensures that the business has a consistent revenue stream and can afford to make the payments on the financing.
In addition to the minimum monthly revenue requirement, Distilled Funding also looks at the overall health and stability of the business. This includes factors such as the length of time the business has been operating, profitability, and cash flow. Businesses that have been operating for at least 12 months and can demonstrate consistent revenue growth are more likely to qualify for Revenue-Based Financing with Distilled Funding.
Another important qualification factor is the personal credit score of the business owner. While Distilled Funding does not have strict credit score requirements, a strong credit score can increase the likelihood of approval and may result in more favorable loan terms. Businesses with owners who have good credit scores are seen as less risky to lenders and are more likely to qualify for financing.
Finally, businesses seeking Revenue-Based Financing with Distilled Funding should be prepared to provide documentation of their financials, including bank statements, tax returns, and financial projections. This information helps lenders evaluate the overall financial health of the business and determine the appropriate financing amount.
In conclusion, Revenue-Based Financing with Distilled Funding can be a viable option for small businesses looking for flexible and accessible financing options. By meeting the minimum monthly revenue threshold, demonstrating stability and growth, maintaining a good personal credit score, and providing thorough financial documentation, businesses can increase their chances of qualifying for this type of funding. If your business meets these qualifications, consider exploring Revenue-Based Financing with Distilled Funding as a financing solution.
For more information visit:
Moonshine Capital
https://www.distilledfunding.com/
+1 (202) 643-2022
Alexandria, VA
Moonshine Capital is redefining the way businesses access growth capital. We operate at the intersection of fintech and community, providing a dynamic marketplace where non-dilutive financing meets the power of network marketing.
Our Mission:
We believe in empowering entrepreneurship, especially for those underserved by traditional banks. Our mission is to fuel business growth with flexible financing options that align with your revenue, while creating a thriving community of entrepreneurs and agents.
Our Approach:
Moonshine Capital is a cross between a fintech marketplace and a business solutions agency. We combine the best of both worlds:
– Fintech Marketplace: We leverage technology to connect businesses with a diverse range of alternative funding solutions, including revenue-based financing and commercial lending. This provides our clients with access to fast, flexible capital tailored to their specific needs.
– Business Solutions Agency: We harness the power of the network agency model, recruiting and training independent agents and referral partners who are passionate about helping businesses succeed. This creates a nationwide network of trusted advisors who can guide businesses through the funding process and provide ongoing support.
Our Services:
– Revenue-Based Financing: Unlock growth capital based on your company’s revenue, without giving up equity.
– Commercial Lending: Access a variety of loan options tailored to your business’s unique requirements.
– Affiliate Program: Join our network and build a successful business by helping other businesses access the capital they need.
Our Vision:
We envision a future where every entrepreneur has the resources and support they need to realize their full potential. Moonshine Capital is committed to creating a financial ecosystem that fosters growth, innovation, and lasting success.
Who We Serve:
– Small and Medium-Sized Businesses (SMBs): We specialize in helping SMBs across a wide range of industries access the funding they need to grow and thrive.
– E-commerce Businesses: We understand the unique challenges and opportunities facing e-commerce companies, and offer tailored solutions to accelerate their growth.
– High-Growth Startups: We provide startups with the financial fuel they need to scale quickly and efficiently.
– Independent Agents: We welcome entrepreneurial individuals who are passionate about helping businesses succeed.
