Question 1

What is revenue-based financing?

Accepted Answer

Revenue-based financing is a flexible small business funding option where repayment is based on a percentage of future revenue instead of a fixed monthly loan payment.

Question 2

How much revenue-based financing can my business qualify for?

Accepted Answer

Lyft Capital offers revenue-based financing options up to $500,000, subject to application review, business revenue, and approval.

Question 3

Do I need perfect credit to qualify for revenue-based financing?

Accepted Answer

No. Revenue-based financing can be available to business owners with imperfect credit because eligibility is based heavily on business performance and revenue.

Question 4

How fast can I get funded?

Accepted Answer

Pre-approval may be available in minutes, and funding may be available within 24 hours after approval and review. Timing is not guaranteed and depends on the application and documentation.

Question 5

What can revenue-based financing be used for?

Accepted Answer

Businesses commonly use revenue-based financing for working capital, inventory, payroll, marketing, equipment, seasonal expenses, and growth opportunities.

Collateralized Business Loan: A Complete Guide

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