Minimum eligibility criteria include:
•$10,000+ in average monthly revenue, per SKU
•At least 3 months of consistent revenue history
•The business must be incorporated (ie. corporations or limited liability companies).
We currently only provide financing for eCommerce and DTC (direct-to-consumer) companies. If your business is not within these categories, we do not currently have a program in place to support you but check back soon as we expand.
•You're a product-based e-commerce and direct-to-consumer company
•You're cash flow positive •You turn your inventory in 90 days or less (recomended)
•You need inventory financing support for one of more SKU's that have $10,000+ in average monthly revenues
Yes! Immediately on signing, we will buy any sellable inventory that you have on hand, or in fulfillment centers.
We determine eligibility by analyzing your actual business metrics, so applying for an advance with Forever 8 Fund should NOT affect your credit score.
In order to provide you with an offer, we need to verify identities and analyze business data. The first step is to connect the accounts you use to run your business - we use this information to analyze your business data. To verify identity, we need information about your business. The information we require will be specified in your offer.
Our fees are typically 2%-5% of the product's retail price.
•We order 60-90 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 percentage of revenue (which goes down the faster you sell through inventory)
•The faster you sell, the less fees you pay, so our interests are truly aligned
Once your contract has been countersigned, we can make payments on your inventory needs within 1-2 business days. Some large amounts may take an additional day.
Forever 8 Fund targets an average investment of $100,000. However, we have the ability to finance orders worth upwards of $5 million. We can also increase funding as your business grows.
Forever 8 has a referral program in place through which we will compensate you for every lead that you bring us that we strike a deal with.
Forever 8 recoups our investment (plus a small fee) as you sell. Take longer to sell than anticipated? No problem, we will work with you to ensure that we are both in alignment. Sell faster than anticipated? Great, our fees will be lower and we can order you more inventory to keep pace with your demand.
We are a partner. We aren’t here to offer quick bridge loans. Instead, we work together for at least a year, funding 100% of your inventory needs.