• The Revenued Business Card may be an option even if your credit is less than stellar.
• The card isn’t a small business credit card — it instead works similarly to a merchant cash advance (MCA). 
• You can earn rewards and a welcome offer by using the card.
• Learn what Revenued is, what the Revenued Business Card offers small business owners, pros and cons, and how to qualify.

What Is Revenued?

Revenued is an alternative financing lender owned by a portfolio company of Capital Z Partners, which is a private equity fund concentrating on financial services. It’s headquartered in Jersey City, New Jersey and has hundreds of five-star reviews on Google.

Revenued offers customers two financing options wrapped in one package: the Revenued Business Card and the Revenued Flex Line. The Revenued Business Card is issued by Sutton Bank, which is a Member FDIC. The card offers rewards and has a unique payment framework that we detail below. 

Revenued Business Card Pros and Cons

What Revenued Offers Small Business Owners

Revenued offers cardholders several perks and easier access than some of its competitors.

Eligibility not based on credit score

Revenued provides business funding to help with cash flow even if you have subprime credit. So if you have a low FICO score or a limited credit history, it may be a good option when bank loans aren’t available to you. With this card, your credit limit is based on your business revenue. Revenued is capable of underwriting companies with lower revenues and limited time in operation as well.

Rewards card

As a card issuer, Revenued delivers a straightforward rewards program that competes with the top business credit cards. N/A An added perk is that you’ll receive 3% cash back on every purchase after that — which is higher than many credit cards offer.

Access to a Flex Line

The other financial product linked with the card is the Revenued Flex Line, which is like a line of credit that you’ll get access to as a Revenued cardholder. You can use the Flex Line for cash draws, up to your limit. You’ll pay for what you use and no more.

Repay using factor rates, not interest

One thing to understand is that the Revenued Business Card doesn’t charge you interest. Instead, it uses a factor rate like other merchant cash advances. This repayment system comes with perks, like that the total amount you’ll pay to borrow is more obvious than with a variable interest rate (and the rate also doesn’t change over time). You also only pay the factor rate on your bank balance. This differs from many MCAs that charge the factor rate on your entire spending limit — even if you never touch it. We cover how factor rates work in more detail below.

How the Revenued Business Card Works

There are several unique features about the Revenued Business Card that are important to understand before applying. 

Spending limit

Your spending limit is determined by the details in your business bank account. Revenued will take a look at your sales and transaction data to set your initial spending limit. If you need a higher limit, you can request it directly from Revenued.

How much it costs

The Revenued Business Card is Factor based, meaning it uses a factor rate rather than an interest percentage to calculate how much it costs to borrow. The factor rate is fixed so it doesn’t change over time, and is typically between 1.1 and 1.5. 

Your factor rate is determined by business details like:

• Your time in business. Simply put, this is how long your business has been operating. A longer business history may lower your rate.
• Consistency in revenue. If your balance sheet shows your revenue is consistent month-over-month (rather than spiking and falling), you may get a lower factor rate.
• Your sales. The higher your revenue levels, the more likely you are to get a lower factor rate, even with a bad credit rating.

Once you know your factor rate, you can calculate exactly how much it will cost to borrow the money by multiplying the amount of cash you borrow by the factor rate. If you plan to borrow $2,000 and you have a factor rate of 1.3, you’ll end up owing $2,600 total.

How repayment works

With this card, you pay out of your future sales (like an MCA). After buying something with the Revenued Business Card, your payment calendar in your merchant portal will show how much you spent and your daily payment amount. 

Every day, payments to Revenued will be taken out of your connected bank account automatically based on your forecasted sales. You must make sure that your real sales match the amount you forecasted in sales — or the automatic deduction may bounce. If this happens, Revenued charges a bounce fee of $35 per day. Reach out to customer service to change the daily deduction amount if your sales aren’t meeting your forecast.

See Terms, Rates & Fees for more.

Does My Small Business Qualify?

Revenued states that a new customer will likely be approved even if you haven’t focused on building business credit. However, you must:

• Maintain business operations in the U.S.
• Have been in business for six or more months
• Make at least $10,000 in monthly sales
• Connect a business bank account rather than a personal bank account
• Have no more than three negative balance days in your account in one month

Additionally, to maintain an active account, your average daily balance must be at least $1,000. If you can’t keep up the balance, it may be difficult to qualify.

How to Apply

Revenued provides an online application that customers complete to see if they are accepted — and approval may take as little as one hour. Gather your banking login information, your tax returns, and any other financial documents before you apply. You won’t have to go through a hard credit check when you apply, either. As mentioned, you don’t have to supply your personal credit score or your business credit score during the application process to get business financing through Revenued. 

Before applying for any small business loans, make sure you understand the repayment requirements.

Nav’s Verdict

The many positive customer reviews show that Revenued is a strong contender in the business card market. The Revenued card offers a robust rewards program and welcome offer, and you may qualify even if you don’t have excellent credit. Before you apply, make sure you understand how much you’ll pay to borrow from Revenued and that your business can afford it. If you’re looking for more funding options, get personalized loan recommendations through Nav.