Revenue-based financing — fund on revenue, not FICO.

Revenue-based financing (RBF) is business funding repaid as a fixed percentage of monthly or daily revenue rather than a fixed installment. Repayment scales with cash flow — you pay more in strong months and less in weak ones. RBF is non-dilutive (no equity given up) and underwritten primarily on revenue, not personal credit or collateral.

You receive a lump sum upfront, then repay a fixed percentage of revenue (typically 4%–15%) until a defined repayment cap is met — usually 1.2x to 1.5x the funded amount. There is no fixed maturity date; repayment ends when the cap is reached, usually in 6–24 months.

An MCA is a purchase of future receivables sold at a factor rate. Revenue-based financing is structurally similar but typically uses monthly (not daily) deposits, longer terms, and lower factor rates — better for established businesses that want MCA-style flexibility without daily ACH debits. Summit offers both.

Most revenue-based lenders require $20,000+ in monthly revenue, 6+ months in business, FICO 550+, and a U.S. business bank account. SaaS, e-commerce, and subscription businesses often qualify on softer credit because revenue is recurring.

Initial offers typically run 30%–100% of trailing-three-month revenue. A business with $100,000/month in revenue can usually access $30,000–$100,000 on a first round, scaling on renewals as payment history builds.

Revenue-based financing usually costs more than bank debt but far less than equity dilution. Effective APR runs 20%–60% depending on speed of repayment, but pricing scales with revenue — slow months cost less. Summit shows APR-equivalent on every offer.