Revenue-Based Financing in Kennewick, WA
Funding repaid from a slice of revenue rather than a set bill: that is revenue-based financing for Kennewick owners. One free application, quotes from several funders.
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How is revenue-based financing set up?
Revenue-based financing is a lump sum paid back as a fixed share of monthly revenue until a set total, the cap, is reached; the example below uses 7% of revenue.
What does the review cover?
Average revenue near $99,000 in the example, plus the dips, set the share and 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 weekly produce and protein orders plus staff wages; the example settles on 7%.
Who is revenue-based financing for in Kennewick?
Census counts show 1,884 employer companies in Kennewick; the table gives the local count and density for each trade discussed below. The city's employers are mostly small: 861 have fewer than five employees.
| Trade | Businesses in Kennewick | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 127 | 14.4 | 15.4 |
| Clothing and accessories stores | 57 | 6.5 | 3.5 |
| Beauty and nail salons | 31 | 3.5 | 3.4 |
How do local restaurants use revenue-based financing?
A restaurant's revenue rises and falls with tourist seasons, holidays and the weather; in the lower months, the payment falls with it. In the city, 127 operate, or 6.7% of employer businesses.
What does revenue-based financing do for clothing and accessories stores here?
For a clothing store, holiday peaks and quiet post-season months decide the month; the payment follows. Local count: 57, 1.9 times the national rate per resident.
Why would beauty and nail salons pick revenue-based financing?
Ask a salon about prom, wedding and holiday bookings and you hear why a percentage beats a set bill. Locally, 31 operate, 1.0 times the U.S. rate.
How do the numbers work out for a restaurant?
A restaurant averaging $99,000 a month takes $49,500 at a 1.30 cap and a 7% share. It pays $6,930 in an average month and $4,851 in a month 30% below.
| Sample case | Value |
|---|---|
| Average monthly revenue (example) | $99,000 |
| Amount funded | $49,500 |
| Cap | 1.30 |
| Total repaid | $64,350 |
| Revenue share | 7% |
| Payment in an average month | $6,930 |
| Payment 30% below average | $4,851 |
| Payment 30% above average | $9,009 |
| Months to repay at average | 9.3 |
What drives the total cost?
The fewer swings in revenue, the lower the cap funding partners offer. Check other amounts with the factor rate calculator.
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How do Kennewick employers compare with the rest of Benton County?
Measured per resident, Kennewick has 21.3 employers per 1,000 people and Benton County has 22.4. In raw numbers, that is 1,884 in the city out of 4,960 in the county.
| Employees | Kennewick | Benton County |
|---|---|---|
| Under 5 | 861 | 2,582 |
| 5 to 9 | 396 | 913 |
| 10 to 19 | 324 | 741 |
| 20 to 49 | 208 | 488 |
How do I start an RBF request from Kennewick?
- Open the form and note average revenue ($99,000 in the example).
- A broker calls to talk through your slowest months.
- Sign, and payments start as a share of the next month's revenue.
What else should you consider?
Skip it when the share would cut into payroll in a lean month. For short gaps that repeat, a business line of credit fits better. Need capital on top of an open advance? Look at a second position.
Which neighboring cities can apply?
From Kennewick, Richland is 8 miles out.
| City | Distance | Employers |
|---|---|---|
| Richland, WA | 8 miles | 1,271 |
Which revenue-based funding questions do Kennewick owners ask first?
What credit do I need for RBF?
Revenue history matters more than credit. Funders read monthly revenue first.
What revenue do RBF funders count?
Deposits from sales, as shown in your statements or processor reports. Transfers between your own accounts don't count.
Are restaurants in Kennewick eligible for revenue-based financing?
Many are, because they run on nightly card and takeout sales. Funders still decide each file on deposits and time in business.
Want quotes on financing tied to revenue side by side for Kennewick?
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.