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Frequently Asked Questions about BoostCap and Asset Based Financing
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How much does it cost?Fixed fee calculated on the original advance amount.
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When do we pay?Weekly repayment of Advance and fees, based on sales reports provided by customer. Payable on issuance of the invoice.
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What is the duration of the finance?Duration of the loan is the period we estimate to sell it - normally 3-9 months.
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What benefits does Boostcaps Asset Based Financing have compared to other financing?Lowers risk and improves capital turnover that is higher rates of return Non-dilutive BoostCap’s Advances does not require any equity components such as stock or warrants Protects the owners share in the business
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What companies does Boostcap's Asset Based Financing suit?Suitable of all businesses with product sales or subscription sales.
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Requirements to use Boostcaps Asset Based Financing?Requires a modern ERP / Bookkeeping system to provide sales data on a daily basis
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Application time to get funds from Boostcap?2-3 days after credit approval.
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