Traditional financing options are ineffective and cumbersome.
Banks typically require collateral, personal guarantees, and have lengthy approval processes. Venture capital funding is time-consuming and results in equity dilution, reducing your control over your business.
Velocity offers a fast, flexible, and non-dilutive alternative source of capital that is currently unavailable in India.
Revenue-based financing provides numerous advantages compared to traditional bank loans:
1. Simplified application and quick disbursement: Applying for financing with Velocity is incredibly easy. In fact, most of our clients receive their funds within 7 days of applying. Our data-driven process ensures fast and efficient service.
2. No need for bank security: Traditional loans are ill-suited for modern e-commerce and direct-to-consumer businesses, which often have few physical assets. At Velocity, we understand this and evaluate your eligibility based on your revenue rather than tangible assets.
3. Flexible repayment structure: Unlike traditional bank loans that require fixed monthly repayments regardless of your business's performance, revenue-based financing offers flexibility. Repayments are proportional to your revenue, meaning you pay more when your revenue increases and less during revenue downturns. It's a straightforward and adaptable system.
In summary, Velocity's revenue-based financing provides a streamlined and accessible funding solution that addresses the shortcomings of traditional financing options.