Long Term Source of Capital, Funding Your Inventory For a Year Or More
No Personal Guarantee, No Dilution, No Fixed Repayment Schedule.
Forever 8 is a long term partner which buys your existing inventory and continues to fund any reorders for a year (or more). You pay us back as you sell, freeing you from recurring capital injections. Unlike most other funding sources, if your product stops selling, you won't be stuck to a payment schedule or liable to pay us back because we don't require fixed payments or personal guarantees. Forever 8 never takes an equity stake in your business, which lets you own and control your business, paying Forever 8 only when you get paid.
Partner With Us
We purchase the inventory that you currently own, whether it’s at the Amazon Fulfillment Center, at a warehouse, in your basement, or in transit from your supplier. You receive a check for this inventory on Day 1 of our relationship. That money can be put toward a new product range, customer acquisitions, or used to remodel your kitchen- it’s your money to spend as you see fit.
We also agree to a minimum amount of inventory that Forever 8 must keep on hand for you for a year or longer. This inventory quantity is determined based on your sales history and forecasts.
When your inventory falls below pre-determined levels, we fund your next purchase order and pay the factory directly on your behalf. You simply initiate a funding request via the Forever 8 Partner Dashboard.
When you make a sale, Forever 8 deducts the cost of goods and a small fee per unit, and sends you the net within 24 hours of receiving the funds from Amazon.
Use your cash flow to grow the business, not keep the lights on. Invest in customer acquisition, expand your team, launch a new product, or remodel your kitchen-it's your money.
We are a revenue-based-financing solution, which means we recoup our investment (plus fees), as you sell. If the product takes longer than anticipated to sell, you aren’t obligated to make payments out of pocket, contrary to other funding sources which require you to make fixed payments.
Unlike most funding sources, Forever 8 provides long term capital. Other funders start taking back up to 20% of their funds per month, starting on the first month. Forever 8 funds your inventory needs for at least a year, giving you the time to breathe and the financial space to fund other growth opportunities.
Forever 8 is not a bank or a lender, we are a partner that is aligned with helping you grow. Our capital, coupled with our suite of additional services, can be exactly what a growing business needs to get to the next level. We both do better when your product sells faster. Other funders make the same or less money if you pay them back early. Our interests are truly aligned.
Unlike most funding sources, Forever 8 takes product risk. This means that if things don't go as planned, we do not go after you personally to pay us back.
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind text
Minimum eligibility criteria includes:
•$10,000+ in average monthly revenue, per SKU
•At least 3 months of consistent revenue history
•Business must be incorporated (ie. corporations or limited liability companies)
•You're a DTC consumer product company
•You're a product-based e-commerce and direct-to-consumer company
•You're cash flow positive
•You turn your inventory in 100 days or less (recommended).
Yes! Immediately on signing, we will buy any sellable inventory that you have on hand, in fulfillment centers, or in transit.
We determine eligibility by analyzing your actual business metrics, so applying for an advance with Forever 8 Fund should NOT affect your credit score.
•We order 60-100 days of inventory for you
•As the inventory is sold, the funds are returned to you, less our fees
•Our fees are based on an established dollar amount per unit schedule
•The faster you sell, the less fees per unit you pay, so our interests are truly aligned
We, as partners, share in the ups and downs of your product. When you make a sale, we collect our cost of goods and a small fee. This means that Forever 8 does not get paid unless you do too- as a true partnership should work.
