Revenue-Based Financing in Santa Monica, CA
A Santa Monica business with seasonal sales can take revenue-based financing and pay less when revenue dips. We send your file to the funders that offer it.
A nationwide broker headquartered in Los Angeles. Free to apply, you never pay us a fee, and we call back, usually the same business day.
What does revenue-based financing involve?
Revenue-based financing is a lump sum repaid as a fixed share of monthly revenue until a set total, the cap, is reached; the example below uses 6% of revenue.
What does a funder need to see?
Margins and revenue history first, then time in business and existing obligations.
How does the payment track the seasons?
The payment shrinks with revenue. At 6% of sales, a month 30% under average sends $2,604, so a clothing store keeps more money in the months when revenue dips.
Which local businesses does it suit?
Among these trades, clothing and accessories stores have the most locations in Santa Monica: 130. The city's employers are mostly small: 4,806 have fewer than five employees.
| Trade | Businesses in Santa Monica | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Clothing and accessories stores | 130 | 14.4 | 3.5 |
| Beauty and nail salons | 94 | 10.4 | 3.4 |
| Online retailers | 57 | 6.3 | 1.6 |
What makes clothing and accessories stores a fit?
A share of revenue moves with holiday shopping and seasonal changeovers, which fits how a clothing store earns. Santa Monica has 130 of them, 14.4 per 10,000 residents (U.S.: 3.5).
Why would beauty and nail salons pick revenue-based financing?
Uneven months from busy holiday weeks and quieter late-winter months are the case this structure is built for, and a salon has them. That trade has 94 locations here (10.4 per 10,000 residents).
What does revenue-based financing do for online retailers here?
Fixed payments fight seasonal demand and marketplace promotions. A revenue share moves with them, which suits an online store. In the city, 57 operate, or 0.8% of employer businesses.
What would a clothing store pay for revenue-based financing?
A clothing store averaging $62,000 a month takes $28,000 with a 1.35 cap. At 6% of revenue, an average month pays $3,720 and a month 30% lower pays $2,604.
| Sample figure | Value |
|---|---|
| Average monthly revenue (example) | $62,000 |
| Amount funded | $28,000 |
| Cap | 1.35 |
| Total repaid | $37,800 |
| Revenue share | 6% |
| Payment in an average month | $3,720 |
| Payment 30% below average | $2,604 |
| Payment 30% above average | $4,836 |
| Months to repay at average | 10.2 |
What drives the total cost?
You're comparing two numbers: the cap, which is the total cost, and the share, which decides how fast it's paid. Steady revenue history earns the lower caps. Check other amounts with the factor rate calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Which Santa Monica ZIP codes have the most of these businesses?
ZIP 90405 has 1,839 employers, and its leading trade is restaurants with 90 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 90405 | 1,839 | Restaurants | 90 |
| 90401 | 1,817 | Restaurants | 132 |
| 90403 | 1,583 | Physicians' offices | 81 |
| 90404 | 1,574 | Physicians' offices | 173 |
| 90402 | 482 | Physicians' offices | 27 |
How does a Santa Monica business apply for revenue-share funding?
- Start at afterfirstmca.com/apply; statements can follow.
- A broker calls to confirm a revenue share your margins can carry.
- You compare caps, such as the example's 1.35, and sign the best fit.
What are the alternatives to revenue-based financing?
For a single urgent bill, a same-day advance is faster. If you already carry several advances, consolidation comes first.
Which nearby cities are covered?
Los Angeles sits 5 miles from Santa Monica.
| City | Distance | Employers |
|---|---|---|
| Los Angeles, CA | 5 miles | 128,109 |
| Culver City, CA | 6 miles | 2,374 |
| Beverly Hills, CA | 7 miles | 5,288 |
| Manhattan Beach, CA | 9 miles | 1,997 |
What should I know before revenue-based financing?
How long does revenue-based financing take to fund?
Funding follows the funder's review of revenue history, and a complete file keeps that review short.
How do RBF funders set the revenue share?
Funders set it from your margins and revenue history so that an average month can carry it.
What does a salon need to get revenue-based financing?
Recent bank statements and a few minutes for the application. Santa Monica's 94 beauty and nail salons apply the same way as any other business.
Looking at financing tied to revenue in Santa Monica?
Applying is free, and you never pay us a fee. Call 877-FUND-654 with any question. We call back, usually the same business day, and we talk with you before your file goes to any funder.