Reliant Funding Review

Reliant Funding Revenue-Based Financing

Here are the details of Reliant’s revenue-based financing. Revenue-based financing is just what it sounds like—instead of making fixed monthly payments over a set period of time, you’ll repay your loan, along with a fee in the form of a factor rate, as a fixed percentage of your sales or revenue on either a daily, weekly or sometimes monthly basis.

Evaluation

If you’re a new business owner, but business is booming and you need money to expand, Reliant Funding can be a good option for you. With a minimum time in business requirement of just 6 months, a startup with a solid monthly and annual revenue can be approved for an advance.

Fast Funding Times

If you’re looking for a quick infusion of cash, Reliant Funding can be a good option. They offer access to funds as soon as 24 hours after approval. They also offer flexible term lengths from 3 to 15 months, so you can get a quick infusion of cash or extended access to working capital.

Lower Credit Score Requirements

Reliant Funding requires a credit score of only 525, making their credit score requirement one of the lowest around. You can use this to your advantage to get funding to expand your business and also better your credit for future funding opportunities.

Daily Repayments

Reliant Funding’s revenue-based financing requires daily repayments, which could be difficult on a young business’ cash flow. Other types of small business financing offer monthly payments which can be easier for some businesses to manage.

No Personal Guarantee

If you’re hesitant to put up a personal guarantee to get funding for your business, Reliant can be a good option since they don’t require a personal guarantee.

Typical Fee Amounts

Reliant’s origination fees are typical for the industry. For loan amounts under $25,000, they have a flat origination fee of $495. For amounts over $25,000, they charge 2% of the advance amount. They also offer prepayment incentives if you are able to pay off your advance early.

Excellent Customer Reviews

Reliant has a 4.7 rating on Trustpilot, based on more than 1,300 reviews. Reviewers mention a fast, easy process with great customer service. They also receive an A rating from the Better Business Bureau.

*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (October 24, 2022). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.