What if your business financing could be as flexible as your daily needs?
Enter Revenued.
In this episode of The Liquid Lunch Project, we sit down with Solomon Lax, CEO of Revenued, to discuss the game-changing approach to small business financing. Solomon and his team have turned traditional financing on its head by introducing an innovative product that replaces the outdated MCA (Merchant Cash Advance) with something far more flexible and scalable.
The conversation dives into the intricate details of the small business funding space, exploring how Revenued's flex line is designed to meet the specific needs of businesses in real-time. Solomon also shares valuable insights on the risks and rewards of the financing world, lessons learned during the COVID-19 crisis, and how AI and machine learning are transforming the industry.
Key Takeaways:
How Revenued replaces traditional MCA products with a flex line
Why 'go fast and break things' doesn't apply to the finance world
The impact of COVID-19 on small business lending and how Revenued adapted
Revenued's pivotal role in processing PPP loans during the pandemic
The dark side of fraud in small business financing and how to avoid it
Solomon’s vision for the future of small business financing through AI
If you're a small business owner navigating the tricky waters of financing or want to understand how the industry is evolving with AI and machine learning, this episode is for you. Solomon's expertise and candid approach offer invaluable insights that could change the way you think about business funding.
Favorite Quote:
“AI is going to change small business financing forever, making it more accessible and personalized. That’s where this is headed.”
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