The Growth Partner of Choice for Diverse Led Businesses
Founders First Capital Partners was formed to support businesses led by women, people of color, LGBTQ+, military veterans, as well as inclusive teams and businesses located in low to moderate income areas. We provide revenue-based funding and business acceleration advisory support to small businesses.
Revenue-Based Financing is more flexible than traditional bank debt with no equity dilution. It is similar to a Term loan format, but instead of a fixed payment every month, we take a percentage of revenue. The allows for a smaller payment during slower revenue months, and larger payments in stronger months. For clients who would rather have a set payment every month, there are Term loans available.
Lending Criteria
- RBF Term: 2– 5 Years
- Funding amounts from $50K- $2MM
- Revenue-Based Financing: A portion of revenues will be paid monthly at a pre-established percentage until the principal and additional fees have been repaid
- Typically 3%-9% of monthly cash receipts
Business Characteristics
- Businesses with revenue of $1MM or higher
- Profitable, break-even or clear path to profitability
- Growing revenues or positive trends
- Recurring contracts and predictable revenue models are a best fit
- Time in business: 12-18 months minimum
Ownership Requirements
- Woman owned
- Person of Color owned
- Veteran owned
- LGBTQ+ owned
- Companies located in low-to-moderate income areas
- Companies that have committed to inclusive hiring practices
Initial Underwriting Needs
Last 24 months of monthly financial statements (balance sheet, P/L, cash flow), in Excel
Last 12 months of revenue broken down by customer, in Excel
Debt schedule of outstanding debt, if applicable
For companies that do not immediately meet Founders First Capital Partners lending criteria, business accelerator programs are available to provide the tools, partners and guidance needed to help our members grow.
Would you like to partner with us?
Join the largest national platform for growing small businesses led by diverse founders.
