Business Financing Programs
REVENUE-BASED LINES OF CREDIT
Some lenders are now issuing revenue credit lines on top of their normal loans. This is a BIG deal because this is one of the only types of true credit lines you can get when you do not have good personal credit.
If you are lower risk such as having good time in business, good personal credit, or good bank account management, you might get approved for both a revenue lending deal and credit lines. For example, we have seen clients get approved for a $200,000 revenue lending deal, and a $25,000 credit line also that goes with it, because of their lower risk.
To get approved you will need consistent cash flow and good bank account management. You should be in business at least one year and have at least $10,000 in revenue. And you will need to manage your bank account responsibly and have extra funds in your account at the end of each month.