Revenue-Based Financing in Bolingbrook, IL
A Bolingbrook business with seasonal sales can take revenue-based financing and pay less when revenue dips. We send your file to the funding partners 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?
A funder sends a lump sum, $38,500 in the example on this page, and collects a percentage of each month's revenue until the agreed total is paid back.
What goes into the funder's review?
Funders chart the last several months of revenue. For a restaurant, they want to see how tourist seasons, holidays and the weather move the numbers before setting the cap.
How is the share set?
Funders look at margins and the spread between strong and weak months. For a restaurant, the share has to leave room for food deliveries, line-cook payroll and equipment upkeep; the example settles on 5%.
Which Bolingbrook trades does revenue-based financing suit?
Restaurants are the biggest of these trades locally, with 120 of the city's 1,925 employer companies. Employer density is 25.7 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Bolingbrook | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 120 | 16.0 | 15.4 |
| Landscaping companies | 38 | 5.1 | 3.4 |
| Clothing and accessories stores | 27 | 3.6 | 3.5 |
Why would restaurants pick revenue-based financing?
For a restaurant, revenue tracks weather, holidays and the local events calendar, so the payment does too. Census data lists 120 in the city.
What makes landscaping companies a fit?
Lean months from a peak growing season and quiet winter months cost a landscaping company less under a revenue share. There are 38 here, 2.0% of the city's employers.
Is revenue-based financing right for clothing and accessories stores?
Holiday peaks and quiet post-season months make a clothing store's months uneven; the payment follows revenue down and up. The city counts 27, at 1.0x the U.S. density.
What does a worked example of revenue-based financing look like?
Take a restaurant with $86,000 in an average month. Revenue-based financing of $38,500 with a 1.30 cap means $50,050 is repaid in all, at 5% of monthly revenue. An average month sends $4,300; a month 30% below average sends $3,010, and an equally strong month on the upside sends $5,590.
| Worked example | Value |
|---|---|
| Average monthly revenue (example) | $86,000 |
| Amount funded | $38,500 |
| Cap | 1.30 |
| Total repaid | $50,050 |
| Revenue share | 5% |
| Payment in an average month | $4,300 |
| Payment 30% below average | $3,010 |
| Payment 30% above average | $5,590 |
| Months to repay at average | 11.6 |
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. For your own numbers, use the factor rate calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
What does the Will County business base look like?
Bolingbrook holds 1,925 of the 17,085 employer businesses in Will County, 11% of the county total. The county has 24.0 employers per 1,000 residents; the city has 25.7.
| Employees | Bolingbrook | Will County |
|---|---|---|
| Under 5 | 1,066 | 10,053 |
| 5 to 9 | 263 | 2,539 |
| 10 to 19 | 205 | 1,997 |
| 20 to 49 | 228 | 1,504 |
What does applying for RBF involve?
- Apply in about five minutes and share recent monthly revenue.
- A broker phones to go over revenue swings and the share that fits them.
- You compare caps, such as the example's 1.30, and sign the best fit.
When is another option better?
If revenue is steady month to month, the flexible payment adds little, and a merchant cash advance or line of credit can be simpler. Need capital on top of an open advance? Look at a second position.
Do we take files from around Bolingbrook?
Romeoville is the closest, 4 miles away. Naperville is the largest business market within 50 miles, with 4,115 employers.
| City | Distance | Employers |
|---|---|---|
| Romeoville, IL | 4 miles | 902 |
| Woodridge, IL | 5 miles | 907 |
| Naperville, IL | 5 miles | 4,115 |
| Lisle, IL | 7 miles | 932 |
Which revenue-based financing questions do Bolingbrook owners raise?
What happens to RBF payments in a slow month?
In the example, a month 30% below average pays $3,010 instead of $4,300.
How long does it take to repay RBF?
It depends on revenue. In the example, an average month of $86,000 pays $4,300, so the cap is reached within 12 months at that rate.
Can a restaurant qualify for revenue-based financing?
Yes. A restaurant qualifies the same way as any business: funding partners read bank deposits, balance history and open advances, then make offers you can compare.
Shall we shop funding repaid from monthly revenue for your Bolingbrook business?
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.