Revenued Review

Pros

• Funds are disbursed quickly
• Excellent customer support
• Application process is fast & easy
• High borrowing amounts
• No credit score requirements

Cons

• Non-transparent factor rates
• No long-term financing available
• Repayments are required frequently

What Is Revenued?

Revenued offers a unique funding product that is tied to your future business revenue and allows you to open a flexible line of credit where future sales serve as collateral. This line of credit can be accessed through the Revenued app or with the Revenued Business Card, a Visa spending card tied to your bank account.

Revenued is available to businesses with a poor credit history, with no credit check or FICO requirement. There are no monthly or annual fees for the Revenued Business Card, and you won’t pay interest on your loan. However, that doesn’t mean you can count on using Revenued at no cost whatsoever, as Revenued relies on a business model known as factoring.

In this way, Revenued works similarly to invoice factoring*, only the collateral is based on overall sales and not just invoices.

*Invoicing factoring is a way for B2B business owners to improve their cash flow by borrowing against future earnings via invoices. That’s a simple summary of a complex financial arrangement. You may want to research how factoring works to understand the true costs of factoring and if it’s a good fit for your business finances

Services Offered By Revenued

Revenued offers two products:

• Revenued Flex Line: The Revenued Flex Line is a business line of credit. Your approved limit is based on the amount of your receivables.
• Revenued Business Card: The Revenued Business Card can be used to access your capital on-demand and can be used like any other credit or debit card.

Revenued’s Flex Line operates similarly to a merchant cash advance or invoice financing. It is not a loan or credit card. Instead, this line of credit is based upon your future receivables that the company purchases at a discount.

While this typically comes at a higher interest rate than funding like traditional bank loans, the underwriting process is much simpler, allowing borrowers with lower credit scores to access capital when needed. Revenued’s borrowing limits range from $150,000 to $750,000, although this isn’t clearly disclosed on its website and was only found by perusing the company blog.

Businesses working with Revenued can use the app to request cash as needed, or they can use the Revenued Business Card.

The Revenued Business Card Visa Commercial Card can be used like a debit or credit card as needed to access funds from the Revenued Flex Line. It’s a quick and convenient way to get access to capital whenever it’s needed.

While this type of funding may work for some businesses (especially borrowers with steady revenue and imperfect credit scores), others may find the services to be a bit lacking. For its services, we rate Revenued 3.4/5.

Borrower Qualifications

Qualifying for the Revenued Business Card is simple. Applicants must meet these basic requirements:

• Operate a business based in the United States
• Must be in business for at least one year
• Business bank account that hasn’t gone negative for more than three days in one month
• At least $20,000 in monthly deposits
• Other underwriting requirements

Note that Revenued does not disclose the monthly deposit in its FAQs with its other requirements. Instead, this is disclosed when you submit an application. It would be nice to see this disclosed upfront so interested applicants wouldn’t waste their time if they don’t meet this requirement.

When submitting an application, it’s also noted that other underwriting requirements are considered, but no additional information is disclosed.

No credit score requirements are listed, and the company notes that applying will not affect your FICO score.

Although we did deduct some points for the lack of transparency, Revenued’s borrowing requirements are pretty easy to meet. This was all taken into consideration when we calculated our score of 4/5 for borrower qualifications.

Rates & Fees

Revenued does not charge any upfront fees for using its Business Card.

However, you can expect to pay a fee called factoring charges when you draw on your Revenued Flex Line. Fixed payments are made daily, although you can adjust your payment during times when revenues are down.

At the time of our last review, fixed factor rates were between 1.1 and 1.5. Unfortunately, this information is no longer disclosed. You can expect your rate to be set by a number of variables, such as business history, revenue history, and bank balance.

If you’re unfamiliar with factor rates for funding, we invite you to check out our merchant cash advance calculator, as these fees are similar to factor rates. This will help you get an understanding of what you may pay when using the Revenued Business Card.

Note that Revenued does not charge set fees on your entire credit limit. You’ll incur factoring fees only on the portion of your credit line that you use.

We do wish that Revenued offered more transparency in terms of its rates, fees, and repayment terms. Because it doesn’t provide much information upfront before applying, we’ve given it a rating of 2.5/5.

Revenued Funding Application Process

Revenued’s application process is quick and easy. Simply start by providing personal information including your legal name, DBA name, email address, and phone number.

Next, you’ll be asked to provide your average monthly deposit volume, time in operations, business type, and the product you’re interested in (the Flex Line, Revenued Business Card, or both products).

If you meet the initial criteria, you’ll move forward to provide additional information about yourself and your business, including your EIN, SSN, business address, and amount of funding. Once all information has been entered, you’ll be asked to review it for accuracy before signing your application.

Next, you’ll provide your banking information through Plaid. Finally, you’ll need to upload any additional documentation verifying your identity and business ownership.

The entire process takes about five minutes and couldn’t be any easier. You can receive a decision on your application in as little as one hour. If approved, funds can be accessed within 24 hours.

Revenued gets it right with its application process, keeping it simple while providing quick approvals and fast access to funding. For this category, we rate it a near-perfect 4.8/5.

Sales & Advertising Transparency

In terms of sales and advertising transparency, our only complaint is the lack of transparency regarding terms and fees. While Revenued has a professional website, it only provides basic information and not the kind of details we’d like to see for a business funding product.

On the plus side, there doesn’t appear to be any misleading information or marketing gimmicks, either. We also like that Revenued operates social media profiles that the company posts on frequently.

While not perfect in terms of sales and advertising transparency, Revenued does pretty well — earning it a 3.8/5 in this area.

Customer Service & Technical Support

Revenued makes it easy to get in touch, offering several methods of contact.

You can contact Revenued by phone, email, or through a form on its website. A live chat option is also available during business hours.

If you’re approved for Revenued’s service, you’ll also have a dedicated account specialist that you can reach out to when needed.

Revenued has a company blog, posts videos on its YouTube account, and has active social media profiles on Facebook, LinkedIn, Instagram, and X/Twitter.

As far as the quality of customer service, there are multiple customer reviews praising the company for the knowledge and helpfulness of the Revenued team.

Overall, Revenued has great customer support, leading to our rating of 4.3/5.

Revenued User Reviews

Revenued gets overall great ratings across the board from past and current borrowers. Most of the praise is aimed at Revenued’s excellent customer service, although the ease and convenience of funding also receives glowing praise.

Revenued earns 4.6 out of 5 stars (based on 740+ reviews) on Trustpilot and 4.8 out of 5 stars (based on 360+ reviews) on Google Reviews.

While the company isn’t accredited by the Better Business Bureau, it does hold an A- rating with the organization, with only one closed complaint in the last 12 months.

We considered the number of reviews and the quality of feedback when rating Revenued a 4.9/5 for this category.

Negative Revenued Reviews & Complaints

• No reports to credit bureau
• Lack of transparency about factoring charges
• Not all bank accounts will integrate with Revenued
• Additional documentation requests after initial approval

Positive Revenued Reviews & Testimonials

• Outstanding customer service
• Fast approval and funding
• Available with poor credit or no credit
• Access to quick cash draws

Is Revenued Right For Your Small Business?

Revenued Business Card is a relatively unique product, and while it can work for many businesses, it won’t be for everyone. However, within Revenued’s target niche, it’s a great choice. Overall, we give Revenued a rating of 3.7 out of 5 stars.

The most important thing to keep in mind is that Revenued is not a business credit card. Your Revenued account is essentially a line of credit determined by your business’s typical income and average bank balance. Because Revenued relies on factoring charges, you may pay a higher rate than a traditional business card or other types of funding.

You might want to apply for the Revenued Flex Line and Business Card if …

• You have poor personal credit and won’t qualify for a traditional small business credit card
• You occasionally need fast access to funds for unusual or unexpected expenses

Consider alternate funding if …

• You don’t have a business bank account or don’t want to open one
• You want long-term funding
• You operate a new business (in operations for less than a year) or don’t have $20,000 in receivables per month

If you’re not sold on Revenued, take a look at some other options for business lines of credit. You can also look into getting a traditional small business credit card, with options available for those with poor credit. And, of course, if your credit rating is decent, check out our list of the best credit cards for small business.

Business Loan & Funding Products Review Methodology

Merchant Maverick has been researching and reviewing business lenders since 2015. Our writers have tested over a hundred different funding products, including traditional term loans, online loans, lines of credit, start-up loans, merchant cash advances, and equipment financing. In each review, we evaluate rates and fees, services, eligibility requirements, application process, sales and advertising transparency, customer service, and user reviews.

Read more about how we rate business loans and funding products.

When comparing different lenders and loan products, we consider many data points, including the ease and transparency of the application process, interest rates, repayment structure, sales ethics, time to funding, revenue and time in business qualifications, and credit score requirements. Our lists of the best funding products include only those we’ve deemed worthwhile from multiple vantage points, and often share qualities such as widespread accessibility across fifty states, low rates, flexible requirements, and competitive borrowing amounts.

We spend an average of 10-15 hours researching and updating each one of our lists, making sure the loans and funding products included meet our internal standards for quality and reputation.

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Find Funding for Any Credit Level

BusinessLoans.com	Visit Site Read our Review

Explore a wide range of business loan options at BusinessLoans.com. With no minimum credit score requirement, find the perfect funding solution for your needs. Get Started.