We’re excited to invite you to take part in a special new financing program at ACT! Our team often hears from business owners that the biggest pain point is finding the right type of capital (and the right amount).
This might be financing that helps them grow, take care of unforeseen expenses, or maintain operations in a downturn. Flexible working capital goes a long way.
In partnership with Ned, an innovative revenue-based financing platform, we’ll begin a program with the goal of expanding ACT’s small business financing capabilities.
We have a few simple goals. We want to help Georgia small businesses to grow by:
- Empowering business owners to access capital more easily; and
- Enabling them to pay back with flexible terms
We specifically chose revenue-based financing (RBF) because it gives business owners that much-needed flexibility. They can get the money they need quickly and then pay back on their own terms (see below).
So, what comes next? First, let us know if you’re interested!
Then, using the Ned platform, early participants in the will:
- Onboard directly to Ned with a member of the ACT team
- Pending application approval, receive funding!
- Grow! Use that money to enhance your business
- Provide feedback on the user experience
- Allow Ned automates revenue-based repayments as your business progresses
Let us know if this is something you would be interested in. We’ll reach out directly with more details.
Your Questions Answered! (FAQ)
What’s revenue-based financing (RBF)?
- Revenue-based financing enables a business owner to get funding by selling future revenues at a discount. This funding method is non-dilutive, which means you keep all your ownership.
How is RBF different from a loan?
- RBF agreements don’t have a fixed end-date or payment. The business owner pays back the funding they received (the amount of purchased revenue) plus a fixed percentage fee (discounted amount).
Are Payments Fixed or Variable?
- Variable! With RBF, the business owner repays with a set percent (%) of whatever revenues the business makes. And they don’t pay anything if the business doesn’t perform.
Who (or what) is Ned?
- Ned brings business owners and funders together to build simple partnerships using revenue-based financing. Ned's end-to-end technology platform takes care of every step in the process:
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Application activities
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Easy deal-making and contracting
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Automated disbursement and repayment on the backend
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- Yes. The agreement you sign after building a partnership is legally binding. The legal agreement provided is beneficial to both sides. It keeps everyone on the same page and provides protection through the course of partnership.
Does his program help Business owners Build Credit?
- Unfortunately, It doesn’t yet help business owners build credit.
- Yes. Ned automates revenue sharing payments from a business owner to their funder.