If you run or supply a precision-technology or industrial-measurement business connected to FARO Technologies Inc — a reseller, integrator, calibration lab, machine shop, or field-services firm — the fastest funding path is usually revenue-based financing (RBF) through an MCA marketplace, where approval rests on your bank deposits and monthly revenue rather than your credit score. FARO itself is a large public company that raises capital through equity and corporate credit facilities, but the small and mid-sized businesses that sell, service, or build around FARO's hardware rarely have that option. For them, revenue-based capital typically means a minimum around $10,000, a FICO floor near 500, and funding in 24-48 hours once bank statements are reviewed. It is never guaranteed, and it is repaid from a share of ongoing sales, so the model fits businesses with steady deposit flow far better than pre-revenue or lumpy-cycle operations.
Key takeaways
- FARO Technologies Inc is a publicly traded 3D measurement and imaging company, not a small-business lender.
- Businesses adjacent to FARO — resellers, calibration labs, integrators, fabrication shops — commonly use revenue-based financing for working capital.
- Approval is based on business bank deposits and revenue, not credit score alone; FICO floors are often around 500.
- Minimum funding typically starts near $10,000, scaling with verifiable monthly revenue.
- Funding commonly arrives in 24-48 hours after bank-statement review.
- Repayment is a fixed share of ongoing revenue, so it fits steady-deposit businesses far better than lumpy or pre-revenue ones.
- Revenue-based capital costs more than a bank loan and is never guaranteed — it is best used as short-cycle, revenue-generating working capital.
Who FARO Technologies Inc actually is — and why funding questions come up
FARO Technologies Inc is a US-headquartered public company that designs and sells 3D measurement, imaging, and realization technology — laser scanners, portable coordinate-measuring arms, and software used in manufacturing, construction, forensics, and product design. As a listed corporation, FARO funds itself through public equity markets and institutional credit lines, not through small-business advances.
So why does "FARO Technologies funding" get searched? Almost always it is a smaller business adjacent to FARO looking for working capital: an authorized reseller carrying inventory, a metrology or calibration service bureau, a systems integrator waiting on project payments, or a fabrication shop that just bought scanning equipment and needs cash to bridge the next cycle. These are the operators revenue-based financing is built for.
What revenue-based financing is (and is not)
Revenue-based financing — often structured as a merchant cash advance (MCA) — provides an upfront lump sum in exchange for a fixed portion of your future revenue until an agreed amount is repaid. It is a purchase of future receivables, not a term loan, which is why the qualification logic is different:
- Approval is deposit-driven. Underwriters read 3-6 months of business bank statements to confirm consistent revenue, not just a credit report.
- Credit is a factor, not the gate. Many programs accept FICO 500+ because repayment is tied to cash flow.
- Speed is the trade. Funding commonly lands in 24-48 hours versus weeks for a bank.
- Repayment flexes with sales. Remittances are a share of revenue, so slower weeks generally mean smaller pulls.
It is not a bank loan, not equity, and not a line of credit. It carries a higher cost of capital than a traditional loan, and it is never guaranteed — approval and terms depend entirely on what your deposits show.
Decision framework: when revenue-based funding fits, and when to avoid it
Use this as an underwriter would.
Works best when:
- You have steady monthly revenue and consistent bank deposits an underwriter can verify.
- The use of funds is short-cycle and revenue-generating — inventory to fill a signed order, payroll to staff a project, equipment repair that keeps jobs moving.
- You need capital in days, not weeks, and a bank timeline would cost you the opportunity.
- Your credit is bruised (FICO 500s) but your sales are healthy.
Avoid or pause when:
- Revenue is pre-launch, lumpy, or heavily seasonal with long dead stretches — daily or weekly remittances can strangle cash flow.
- You are funding a long-payback capital project (a multi-year build) better matched to an equipment loan or SBA product.
- You are already carrying multiple advances; stacking compounds cost and risk fast.
- The need is not truly revenue-generating — refinancing old debt with more expensive capital rarely ends well.
For a deeper walk-through of costs and structure, see our guide to revenue-based financing and our merchant cash advance pillar.
Realistic example scenarios
These figures are illustrative only — for example, not quotes. Actual amounts, factor rates, and terms depend on your bank statements and the marketplace offers you receive.
| Business type | Monthly revenue (for example) | Use of funds | Advance range (for example) | Est. funding time |
|---|---|---|---|---|
| FARO-authorized reseller | ~$120,000 | Stock demo units & inventory | $25,000-$60,000 | 24-48h |
| Metrology / calibration lab | ~$60,000 | Bridge payroll between contracts | $15,000-$30,000 | 24-48h |
| Systems integrator | ~$200,000 | Cover materials on a signed project | $40,000-$100,000 | 24-72h |
| Machine / fabrication shop | ~$45,000 | Repair scanning equipment | $10,000-$20,000 | 24-48h |
Notice the pattern: the advance scales with verifiable deposit volume, and every use case is short-cycle and tied to keeping revenue moving.
How approval actually works, step by step
- Application. Basic business details — legal name, time in business, industry, monthly revenue.
- Bank statements. Usually the last 3-6 months. This is the core of the decision — underwriters check deposit consistency, average daily balance, and existing advance activity.
- Soft credit view. A FICO check confirms you clear the ~500 floor; it rarely drives the outcome on its own.
- Marketplace offers. On a marketplace, multiple funders may return offers, letting you compare amount, remittance frequency, and term rather than taking the first yes.
- Funding. Once you accept and clear verification, capital commonly arrives within 24-48 hours.
The cleaner and more consistent your deposits, the stronger your position — and the more room you have to negotiate.
Costs, risks, and how to protect your cash flow
Revenue-based capital is priced with a factor rate, not an APR, and the total cost of capital is higher than a bank loan. Because repayment comes off the top of your sales, the real risk is cash-flow compression: if remittances are set too aggressively relative to your margins, you can starve day-to-day operations.
Protect yourself by matching the advance size to genuine revenue-generating need, avoiding stacking multiple advances, confirming the remittance cadence (daily vs. weekly) fits your deposit rhythm, and reading how the agreement handles slow periods. Treat it as short-cycle working capital, not permanent financing.
Alternatives worth comparing
If your situation points away from an advance, weigh these:
- Equipment financing — better for buying scanners, arms, or shop machinery with a long useful life.
- SBA loans — lower cost, longer terms, but slow and credit-intensive.
- Business line of credit — flexible revolving access if your credit and time-in-business qualify.
- Invoice factoring — strong fit when your cash gap is unpaid B2B invoices rather than a lump-sum need.
Many precision-tech operators end up blending tools — an equipment loan for the hardware, revenue-based capital for the working-capital bridge between projects.
Frequently asked questions
Does FARO Technologies Inc offer financing to small businesses?
FARO Technologies is a public 3D-measurement company that funds itself through equity and corporate credit — it is not a small-business lender. Businesses in its ecosystem (resellers, labs, integrators, shops) typically use revenue-based financing or an MCA marketplace for working capital instead.
Can I qualify for revenue-based funding with a low credit score?
Often yes. Many revenue-based programs accept FICO scores around 500 and up because approval is driven mainly by your business bank deposits and monthly revenue rather than credit alone. Nothing is guaranteed — terms depend on what your statements show.
How much funding can a precision-tech or industrial business get?
Minimums usually start near $10,000, and the amount scales with verifiable monthly revenue. As an illustrative example, a reseller doing around $120,000 a month might see offers in the $25,000-$60,000 range. Your actual offer depends on underwriting.
How fast is funding?
Once bank statements are reviewed and you accept an offer, capital commonly arrives within 24-48 hours — far faster than a traditional bank or SBA loan, which can take weeks.
What documents do I need to apply?
Typically a short application plus the last 3-6 months of business bank statements. The statements are the heart of the decision, so consistent deposits and a healthy average balance strengthen your position.
How is revenue-based financing repaid?
Through a fixed share of your ongoing revenue, remitted daily or weekly, until the agreed amount is satisfied. Because it flexes with sales, slower periods generally mean smaller pulls — but the cadence should still match your cash-flow rhythm.
Is a merchant cash advance the same as a loan?
No. An MCA or revenue-based advance is a purchase of future receivables, not a term loan. It is priced with a factor rate rather than an APR, costs more than a bank loan, and is best used as short-cycle working capital for revenue-generating needs.
When should I avoid revenue-based funding?
Avoid it if your revenue is pre-launch or highly seasonal with long dead stretches, if you are funding a long-payback capital project better suited to an equipment or SBA loan, or if you are already carrying multiple advances. Stacking compounds cost and cash-flow risk quickly.
