1) Credit Limit
The Credit Limit is a funding option with limits up to $1,000,000 based upon the business size, performance, and other factors.
You have the flexibility to withdraw funds as needed as long as the amount is at least $5,000 per each withdrawal. Each withdrawal is then considered a separate term loan with its own duration that between 3-12 months (which you will choose). Each withdrawal accrues its own interest.
You could be approved for a Credit Limit with a $50,000 limit based upon your business performance. You are then able to withdraw individual term loans as needed under that limit. The withdrawals must be in at least $5,000 increments. Each term loan has its own repayment period between 3-12 months that you select.
2) Revenue Advance
The Revenue Advance is a purchase of receivables, we use our technology to predict the next 3-6 months of marketplace payments and advance it to you right away. That way you can improve your cash flow and keep growing.
You sold $100k in 30 days, so our model forecasts $300k in the next 90 days
We forecast your payments to be 15% of the $300k sales = $45k advance
We charge a 5% fee = $45k * 5% = $2.25k
You'll receive a deposit of $42.75k ($45k - $2.25k)