Revenue-based financing is capital now, repaid as a fixed slice of your monthly revenue, typically 4–9% of each month's take in the example directory, until you've returned the advance times a set multiple, usually 1.10–1.35×. Slow month, smaller payment; strong month, you clear it faster. That flex is the entire product: it's the only mainstream form of debt whose payment automatically shrinks when your business does. The honest part most pitches skip: RBF is debt, and the multiple is the price. Repay quickly and the effective cost lands near the bottom of the ≈14–38%-a-year band; repay slowly and it drifts toward the top, above bank debt, below a credit card carried long. There's no dilution, and the example RBF profile (not a live partner) requires no personal guarantee, but there is a real gate: recurring revenue of roughly $10K+ a month, because your revenue is the repayment mechanism. The full guide works a $100,000 advance end to end. Until then, one rule: never accept a multiple without translating it into an annual cost first.

What the full guide covers

• How the revenue share and the payback multiple interact
• Worked example: $100K at 1.25× repaid at 6% of revenue
• The effective annual cost, and why repayment speed changes it
• The gate: who qualifies, and why revenue is the collateral
• RBF vs. term loan vs. venture debt: choosing honestly

The full guide is publishing soon. The short version above is accurate and current, and the concierge already knows everything in it.