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Revenue Based Financing or Bank (Business) Loan

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Revenue Based Financing
Business Bank Loans
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Business loan have to repay all the time and interest is accumulative although repayment period lasts longer, while RBF you only repay % of revenue when you actually earn it although it has a one-time multiplier added (sort of like quasi-interest) and I think repayment is negotiable. I know I can also go for grants, tax credits, crowdfunding, angel investors, venture capital firms, accelerators, strategic partnerships, and pitch competitions, but those either don't pay out as much or they are ultra competitive.

I'm obviously gonna consult with lawyers and accountants (paid for by taxpayers lol) at my local BDC for actual advice, but just want to know what you guys think I should choose for funding: revenue based financing or business bank loan. I will be using grants, tax credits, and strategic partnerships later on, not sure about the others; I have tried to get funding from angel investors and venture capital firms before, but since I'm the seed stage and lacked a prototype back then, they all refused.
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@dale74 why would i reveal such confidential information online to people I don't even know? entrepreneurs that become successful like Gates, Jobs, and Zuckerberg never had any degrees in business, and if you're referring to MBAs, those are a scam. with LLM chatbots like ChatGPT and Meta AI, no point in even learning in school. I can reveal category, ROI, and capital, but that's it.
But I will reveal to you that I already applied for a business license, have team members; already written business plan, financial projections, and pitch deck; and have some early prototypes. Although I'm finalizing my business plan, as I've gained new insights since writing it a year and a half ago (same for financial projections).

As for angel investors and venture capital firms, I've already attempted that and the reality is most of them only invest for those that already reached early growth stage. The few that invest at the seed stage require at least a MVP alongside a solid pitch deck and financial projections (along with business plan). Sadly I didn't have a MVP back then so I was out of luck.

My category of business is in automation which I've revealed many times before in past posts. I don't know exactly the ROI would be, but I do know I'm in it for the long run as I'll be automating jobs in niche industries within underserved areas. And as for the types of automation, I'd go for innovative tech like bio-mimicry robotics or high level autonomous vehicles.

I may go for AGI and transhumanism if that ever becomes viable. Although because of what I want to produce and sell, anyone with common sense can tell these tech are too expensive and/or still sort of science fiction. Even if I offset the cost, time, and labour by collaborating with higher academia for research and development, it'll still take forever.
And yes, I'm also gonna be outsourcing pretty anything that is essential to any business, but not essential to my business model (or not viable to do in-house). Those would be roles like legal, accounting, security, manufacturing, logistics, warehousing, facility management (when I'm no longer remote), and human resources.

For my business model, I can technically wait until the late 2020s to even the early 2030s to begin and still be fine. Although once it's the mid 2030s onwards, it'll kind of late as there'd already be direct competition in my specific niche. If I had to give a rough estimate of what is needed for my business though, probably tens of thousands minimum and a few million maximum (even with outsourcing by the way).

 
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