Frequently asked questions
Revenue Based Financing
What is revenue based financing?
Revenue-based financing is an advance based on a business’ future revenue.
Why should I use Flywheel's revenue based financing?
We believe that revenue based financing supports your business growth by meeting you where your financing needs are.
What are the fees associated with this deal?
There is no upfront fee required to apply for financing. There is a fixed fee associated with each advance that is to be paid over time. This fixed fee is 6 - 12% for a 6 month duration.
What can I use the money for?
You can only use the money from Flywheel's revenue based financing on growth drivers of the business e.g. digital marketing spend, inventory purchasing and other approved expenses as discussed.
How do I repay my financing?
Flywheel will take a percentage of your weekly revenue until principal and fees are repaid.
How much financing can I get from Flywheel?
The size of the advance is up to 2X monthly recurring revenue
How long will the process take?
The entire process (from application to disbursement of funds) can be completed within 3 days of receiving the requisite data from the company.