Financing Solutions for Businesses

On this episode of Paychex THRIVE a Business Podcast, Gene Marks is talking with the CEO of the business funding and financing company, Revenued, Solomon Lax.

Hear as Solomon shares his thoughts on rethinking the requirements for businesses in need of financing, how Reveuned can help companies with subprime credit, the Revenued Business Card, and more.

Topics

00:00 — Welcome, Solomon Lax

00:40 — Introduction to Revenued

01:54 — Rethinking credit scoring

03:32 — The process of getting a loan

04:21 — Thinking beyond the FICO score

05:25 — Merchant cash advance

07:41 — The opening for Revenued

07:50 — Looking at the business as a whole

09:50 — The Revenue business card

11:12 — Who should take advantage of this card?

12:00 — Return on investment when considering loans

13:34 — Revenued card compared to traditional cards

16:17 — Terms of repayment

16:42 — Point of sales systems and accounting systems

19:26 — Types of businesses using the Revenued card

20:53 — The benefit to under-prime businesses

23:48 — Episode wrap up

Listen here.