Revenue-Based Financing
Revenue-based financing (RBF) is an alternative financing solution for businesses in Singapore to access funding. The financing amount through revenue-based financing is determined by the business’ past and projected revenue, and is up to 3x of the revenue. This approach simplifies the application process, requiring minimal documentation compared to traditional financing.
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Why Revenue-Based Financing?
No Equity Dilution
Businesses can access funding without giving up ownership equity, meaning existing shareholders can maintain control of the company.
Collateral Not Required
Businesses in Singapore that do not have any collateral or receivables are typically unable to access loan facilities. Revenue-based Financing allows these businesses to pledge their future revenue in exchange for loan facilities.
Speed & Flexibility
We use alternative data to assess your loan application and often results in a simpler and faster application process.
Minimal Documents
Minimum documents are required - your bank statements and NRIC.
Why Should You Consider Revenue-Based Financing?
Revenue-based financing (RBF) proves optimal for specific business scenarios in Singapore, including:
- Suitability for Your Industry: RBF is particularly well-suited for industries such as F&B and retail, where sales revenue is a clear indicator of business performance. The model aligns well with the cash flow patterns and seasonal fluctuations typical in these sectors.
- Cash Flow Challenges: Existing businesses encountering cash flow issues but maintaining substantial revenue can leverage this financing option.
- Credit History: Suited for borrowers facing challenges in qualifying for traditional financing due to less-than-ideal personal credit.
Revenue-based financing does not require collateral, or strong personal financials to be eligible. The financing is assessed based on your past and projected sales transactions instead.
Merchant Cash Advance (MCA)
Similarly, a Merchant Cash Advance (MCA) provides businesses with swift access to funding, primarily through the advance of cash against future sales. MCAs are particularly suitable for small businesses with regular card transactions. Repayment aligns with the business's sales volume, integrating seamlessly with the cash flow. The emphasis is on sales revenue rather than traditional credit metrics, making MCAs an attractive option for businesses looking for flexible repayment terms.
Overall, both present innovative funding solutions for businesses in Singapore, focusing on sales revenue thereby offering a more accessible and adaptable financial resource for growing enterprises.
The application process was seamless and straightforward, and the team was always available to answer any questions that we had. They made sure that we got the best possible terms and tailored a financial solution to fit our needs.
What impressed us the most was their quick turnaround time. They were able to process my application and get me the funds I needed within a very short period of time, which was incredibly helpful.
Overall, we would highly recommend GBFS to any F&B owners / operators who are in need of short term financial assistance in the current climate. GBFS’ professionalism, expertise, and commitment to their customers are truly commendable."
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