1 00:00:00.300 --> 00:00:03.120 Johny Fernandez: Next question, what is revenue based financing? 2 00:00:03.959 --> 00:00:06.089 Sean Murray: Okay, I see where you're going with this now. 3 00:00:06.119 --> 00:00:11.429 Okay. So revenue based financing is financing that is tied to the 4 00:00:11.429 --> 00:00:14.219 revenue that a business makes. This is very common in the 5 00:00:14.219 --> 00:00:17.909 merchant cash advance industry where a company's are funders 6 00:00:17.939 --> 00:00:22.319 are buying your future revenues or your future receivables. And 7 00:00:22.319 --> 00:00:26.579 so they're not looking at you as like a debtor. They're not 8 00:00:26.579 --> 00:00:28.979 looking to extend your credit. They're looking at your business 9 00:00:28.979 --> 00:00:31.619 on the on the basis of how much revenue it generates, not 10 00:00:31.619 --> 00:00:34.829 profit, how much revenue it generates, and offering you some 11 00:00:34.829 --> 00:00:39.179 type of funding capital or financing based upon that 12 00:00:39.179 --> 00:00:42.209 revenue that could be structured as an MCA, the merchant cash 13 00:00:42.209 --> 00:00:43.859 advance or even as a loan