(229) 420-4600
working capital flex program
We’re excited to invite you to take part in a special new financing program at ACT! Our team often hears from business owners that the biggest pain point is finding the right type of capital (and the right amount).
FINDING FLEXIBLE WORKING CAPITAL
Flexible working capital can significantly help businesses grow, handle unforeseen expenses, or maintain operations during downturns.
START THE JOURNEY
IN PARTNERSHIP WITH
In partnership with Ned, an innovative revenue-based financing platform, we are launching a program to expand ACT's small business financing capabilities.
Our goals are straightforward. We aim to help Georgia small businesses grow by:
- Empowering business owners to access capital more easily.
- Enabling them to repay with flexible terms.
We chose revenue-based financing (RBF) because it provides the flexibility business owners need. They can quickly get the funds they require and repay on terms that work for them.
So, what's next? First, let us know if you’re interested!
Early participants in the program will:
- Onboard directly to Ned with assistance from an ACT team member.
- Receive funding upon application approval.
- Use the funds to enhance their business.
- Provide feedback on the user experience.
- Benefit from Ned’s automated revenue-based repayments as their business grows.
If this sounds appealing, let us know! We'll reach out with more details.
FAQs (Your Questions Answered)
What’s revenue-based financing (RBF)?
Revenue-based financing enables a business owner to get funding by selling future revenues at a discount. This funding method is non-dilutive, which means you keep all your ownership.
How is RBF different from a loan?
RBF agreements don’t have a fixed end-date or payment. The business owner pays back the funding they received (the amount of purchased revenue) plus a fixed percentage fee (discounted amount).
Are Payments Fixed or Variable?
Variable! With RBF, the business owner repays with a set percent (%) of whatever revenues the business makes. And they don’t pay anything if the business doesn’t perform.
Who (or what) is Ned?
Ned brings business owners and funders together to build simple partnerships using revenue-based financing. Ned's end-to-end technology platform takes care of every step in the process:
Are Revenue-Based Financing Agreements from Ned legally binding?
Yes. The agreement you sign after building a partnership is legally binding. The legal agreement provided is beneficial to both sides. It keeps everyone on the same page and provides protection through the course of partnership.
Does his program help Business owners Build Credit?
Unfortunately, It doesn’t yet help business owners build credit.
Are Payments Automated?
Yes. Ned automates revenue sharing payments from a business owner to their funder.
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In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability in admission to, participation in, or receipt of the services and benefits under any of its programs and activities, and in staff and employee assignments to clients, whether carried out by ACT! directly or through a contractor or any other entity with which ACT! arranges to carry out its programs and activities.
If you feel that the standards and procedures provided in 40 CFR Part 5 (§5.1350), 40 CFR Part 7 §7.120), and all associated definitions and guidance of discrimination based on race, color, national origin, disability, sex, age, and retaliation in the programs, services, and activities have not been met, please contact ACT! at (229) 420-4600 or by email at info@albanycommunitytogether.com.
To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; or send an e-mail to: crcomplaints@treasury.gov .