Progress Based Funding
Progress-Based Funding is a financial option where businesses receive capital
based on the progress of specific projects or milestones rather than traditional credit evaluations.
Benefits: Flexible funding tied to project completion, quick access to cash without collateral, and the ability to scale operations based on project needs.
Considerations: May require detailed project plans and milestones, and fees
can vary based on project risks and funding amounts.
- Dollar Amount: 70% of PO or 25% of contract value
- Term: 30-120 Days
- Buy Rate: N/A
- Revenue Requirement: $1mm AGR + 2 Active Projects
- Time in Business: 2+ Years
- Credit Score: None
- Restricted States: None
- Restricted Industries: Only funds construction
- ABD/Neg Days: N/A
- Fees: 1 – 3%
- Prepays: N/A
- Commission: 1 – 3%