8fig Funding Offer – Remittance Schedule
Welcome! Congratulations on receiving an offer! You’re one step closer to the funding and tools you need to scale your business and become an 8-figure seller.
Here’s a simple explanation that will help you understand your Remittance Schedule. Please note that your offer is customizable, and you can change it at any time.
Note: One of the biggest advantages here at 8fig is the flexibility we provide. If you need to update the funds requested, the dates in your Lines, or request adjustments to your upcoming remits, you can do so once your Plan is activated with a simple change request.
This is what your Remittance Schedule for your submitted Growth Plan will look like. (The dates, numbers, and names will be adjusted accordingly) It shows when all requested funds will be deposited and when remits will be debited once they begin.
The Participation column is the portion you agree to cover. This is the percentage 8fig is not offering to cover and will be deducted from the total Receive balance.
A good rule of thumb is if there are any balances to the right of your Receive column, for example, in the Participation or Remit columns, the difference in sum is the amount you will receive from 8fig. This is to avoid multiple back and forth transactions. Keep in mind that this Remittance Schedule is subject to change with any future change requests that you may make.
Adjust the dates in your remittance schedule and/or the balances.
One of biggest advantages here at 8fig is the flexibility we provide. If you need to adjust the total funds requested and/or the dates originally submitted, you can do so once your Plan is activated. You can also edit all of your Lines as needed with a change request.
*If you still have questions, feel free to contact us via email or book a call directly with our Customer Success team.