Frequently Asked Questions

General

What is Magenta?

Magenta is a direct lender specializing in revenue-based financing, a flexible funding option where repayments align with your business’s revenue. We focus on your potential, offering financing with no minimum credit score requirements and decisions typically within an hour, with funds available as soon as the next day.

How does revenue-based financing work?

Revenue-based financing provides capital in exchange for a percentage of your business's future revenue. Unlike traditional loans with fixed monthly payments, this model adjusts to your cash flow, offering flexibility during both high and low revenue periods.

Eligibility and Application

What are the eligibility criteria?

To qualify for financing with Magenta, your business must meet the following criteria:
 
  • At Least One Year in Business (TIB): We require a minimum of one year of operational history.
  • Minimum Monthly Revenue: Your business must generate at least $15,000 in monthly revenue.
  • Revenue Focus: Approval is based on your business’s revenue, not your credit score.

How do I apply for financing?

The process is simple:
  1. Complete our quick online application in just a few minutes.
  2. Provide your recent bank statements for review.
  3. Receive a decision typically within an hour.

How long does the application process take?

Our streamlined process enables an offer typically within an hour, with funds available as soon as the next business day.

Is there a cost to apply?

No. We will review your application at no cost, no obligation.

Funding Details

What funding amounts are available?

We offer flexible funding amounts tailored to your business's revenue and needs up to $150,000 in funding. Contact us to discuss specific funding options.

What are the repayment terms?

Repayments are a percentage of your daily or weekly revenues, adjusting with your cash flow. We also offer early payoff discounts for added flexibility.

Industries Served

What industries does Magenta fund?

Magenta supports businesses across a variety of industries, including:
  • Retail & eCommerce
  • Food & Hospitality
  • Health & Wellness
  • Automotive Services
  • Construction & Trades
  • Beauty & Grooming
  • Specialty Manufacturing
  • Transportation & Logistics
  • Child Care & Education
  • Fitness & Wellness
  • Cannabis
If your industry isn’t listed, contact us—we’re happy to explore your specific business needs.

Post-Funding

Can I apply for additional funding?

Yes, as your business grows, you may be eligible for additional funding. Contact us to explore your options.

How do I contact customer support?

Our dedicated support team is available to assist you. Reach us via phone at (877) 359-1682 or email at welcome@magentafunding.com

What kind of post-funding support does Magenta provide?

We understand that circumstances can change. If challenges arise during your repayment period, our team is here to provide tailored support to help you navigate any situation.

Security and Privacy

Is my information secure?

Yes, your privacy is our priority. We use advanced security measures to protect your data. For more information, please refer to our Privacy Policy.

Ready to Get Started?

Take the first step toward achieving your business goals. Apply now or contact us to learn how Magenta can empower your business to grow.