The key thing to remember is that revenue based finance is not a loan, so don't use any terminology that would suggest this is a loan.
Don't Use | Use Instead |
---|---|
Loan, lending | Fund, funding |
APR, interest rate | Fee, fixed fee |
Repayment, repay, pay back | Payments, pay |
Repay as you earn | Pay as you get paid |
Loan, credit agreement | Revenue based finance agreement, purchase agreement |
Loan, amount borrowed | Advance, advance amount |
Lender | Funding provider, finance provider |
Borrower | Customer, business, merchant |
More credit | Renewal, further advance |
Term | Estimated payback period |
Note that the business cash advance is considered a loan in Germany, so the terminology you'll use in Germany will differ.