Revenue Based Financing or Bank (Business) Loan
Poll - Total Votes: 0
Revenue Based Financing
Business Bank Loans
You can only vote on one answer.
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.
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.