We realize the challenges faced by women, people of color, veterans and businesses in low to moderate income areas. Revenue-based financing allows more flexibility than traditional bank debt with no equity dilution. It is similar to a term loan, but instead of a fixed payment every month, a percentage of revenue is taken.
This allows for smaller payments during slower revenue months, and larger payments in stronger months.
Our Church Equipment Finance Programs
We offer 3 specific programs so that every church nationwide can qualify to get financing for any equipment their growing church needs. Below is a list and a brief description of each program and what a church would need to qualify for that specific program.
- Businesses with revenue of $1MM or higher
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Ownership Requirements:
- Woman owned
- Person of Color owned
- Veteran owned
- LGBTQ+ owned
- Companies located in low to moderate income areas
- Companies that have committed to inclusive hiring initiatives
- Profitable, break-even or clear path to profitability
- Growing revenues or positive trends
- Recurring contracts and predictable revenue models are a best fit
- Time in business: 12-18 months minimum
- Term: 2 - 5 Years
- Funding amounts from $50K - $1MM
- Revenue-Based Financing:
- A portion of revenues will be paid monthly at a pre-established percentage until the principal and additional fees have been repaid
- Typically 3%-9% of monthly cash receipts
- 2 years of financial statements (balance sheet, P/L, cash flow) broken out by month
- Revenue by customer
- Debt schedule
- Projections (if available)