Revenue-Based Financing in Concord, NH
Revenue-based financing gives Concord companies funding that is repaid at a set percentage of every month's revenue, up to a set cap. One application reaches several funding partners.
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What is revenue-based financing, and how is it repaid?
A funder sends a lump sum, $52,500 in the example on this page, and collects a percentage of every month's revenue until the agreed total is repaid.
What counts most in the review?
Month-by-month revenue, the depth of the slowest months and any advances already in place.
When does the funding end?
Once the cap is reached. With $52,500 funded at a 1.35 cap, payments stop when $70,875 has been paid back, however long that takes.
Where does revenue-based financing fit in Concord's economy?
Restaurants are the biggest of these trades locally, with 94 of the city's 1,605 employer companies. Of them, 45% employ fewer than five people, and 191 employ 20 to 49.
| Trade | Businesses in Concord | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 94 | 21.1 | 15.4 |
| Beauty and nail salons | 29 | 6.5 | 3.4 |
| Clothing and accessories stores | 28 | 6.3 | 3.5 |
When do restaurants reach for revenue-based financing?
Ask a restaurant about slow weeknights and busy weekend rushes and you hear why a percentage beats a set bill. Census counts 94 in Concord; that's 21.1 per 10,000 people.
What makes beauty and nail salons a fit?
Holidays, wedding season and back-to-school weeks make a salon's months uneven; the payment follows revenue down and up. There are 29 here, 1.8% of the city's employers.
How do local clothing and accessories stores use revenue-based financing?
Lean months from holiday peaks and quiet post-season months cost a clothing store less under a revenue share. Local count: 28, 1.8 times the national rate per resident.
What does revenue-based financing cost in a real example?
Sized for a restaurant: revenue $95,000 a month, funding $52,500, cap 1.35, share 8%. Average payment $7,600; weak-month payment $5,320.
| Worked example | Value |
|---|---|
| Average monthly revenue (example) | $95,000 |
| Amount funded | $52,500 |
| Cap | 1.35 |
| Total repaid | $70,875 |
| Revenue share | 8% |
| Payment in an average month | $7,600 |
| Payment 30% below average | $5,320 |
| Payment 30% above average | $9,880 |
| Months to repay at average | 9.3 |
What sets the cost?
The fewer swings in revenue, the lower the cap funders offer. For your own numbers, use the factor rate calculator.
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How do Concord employers compare with the rest of Merrimack County?
Measured per resident, Concord has 36.0 employers per 1,000 people and Merrimack County has 26.7. In raw numbers, that is 1,605 in the city out of 4,213 in the county.
| Employees | Concord | Merrimack County |
|---|---|---|
| Under 5 | 716 | 2,142 |
| 5 to 9 | 323 | 824 |
| 10 to 19 | 266 | 598 |
| 20 to 49 | 191 | 429 |
What are the steps to get RBF?
- Open the form and note average revenue ($95,000 in the example).
- We check that a share near 8% leaves room in a weak month.
- You compare caps, such as the example's 1.35, and sign the best fit.
When is another option better?
Need capital on top of an open advance? Look at a second position. Steady monthly revenue gains little from a flexible payment; a line of credit can be simpler.
Do we take files from around Concord?
The nearest city on this list is Manchester, at 18 miles.
| City | Distance | Employers |
|---|---|---|
| Manchester, NH | 18 miles | 3,041 |
| Rochester, NH | 30 miles | 672 |
| Nashua, NH | 34 miles | 2,572 |
| Dover, NH | 34 miles | 902 |
Which revenue-based funding questions do Concord owners ask first?
Does revenue-based funding work for a seasonal business?
Yes; seasonal revenue is what the structure is built for. Funders look at the full year, not just the busy months.
What credit do I need for RBF?
Revenue history matters more than credit. Funders read monthly revenue first.
What does a clothing store need to get revenue-based financing?
Recent bank statements and a few minutes for the application. Concord's 28 clothing and accessories stores apply the same way as any other business.
Shall we shop a revenue-based advance for your Concord 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.