Question 1

How much does it cost?

Accepted Answer

Fixed fee calculated on the original advance amount.

Question 2

When do we pay?

Accepted Answer

Weekly repayment of Advance and fees, based on sales reports provided by customer.
Payable on issuance of the invoice.

Question 3

What is the duration of the finance?

Accepted Answer

Duration of the loan is the period we estimate to sell it - normally 3-9 months.

Question 4

What benefits does Boostcaps Asset Based Financing have compared to other financing?

Accepted Answer

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

Question 5

What companies does Boostcap's Asset Based Financing suit?

Accepted Answer

Suitable of all businesses with product sales or subscription sales.

Question 6

Requirements to use Boostcaps Asset Based Financing?

Accepted Answer

Requires a modern ERP / Bookkeeping system to provide sales data on a daily basis

Question 7

Application time to get funds from Boostcap?

Accepted Answer

2-3 days after credit approval.

Frequently Asked Questions about BoostCap and Asset Based Financing