LVRG Celebrates National Small Business Week with $1,000,000 in Funding to Detroit Small Businesses That Want to Grow

LVRG Celebrates National Small Business Week with $1,000,000 in Funding to Detroit Small Businesses That Want to Grow.jpg

Detroit – National Small Business Week launches April 29 and runs through May 5. During Small Business Week, LVRG wants to help businesses make a bigger impact, grow, and prosper. LVRG is committing up to $1,000,000 in funding to support Detroit small businesses, and it must be distributed between April 29 and May 5. How does a small business owner gain access to this capital? Very easily. (Note: this is not a grant program!)

Applying is easy, and the criteria is simple. Minimum six months in business and $10,000 per month in gross revenue. Existing small businesses only, no startups or purchases will be considered. Apply for funding at

SBA data shows in 2013, there were 28.8 million small businesses. And according to the SBA, “about two-thirds of businesses with employees survive at least two years and about half survive at least five years.”

National Small Business Week is a huge opportunity for a small business owner to work on their business and not just operate in their business. Even with a unique brand name, marketing gimmick, social media following, or the best product/service, no business can survive without a healthy flow of cash. Having a solid cash flow is not just about managing a healthy business; it’s a matter of life or death for that business. Cars can’t run without gas, and businesses can’t run without cash flow. It’s really that simple!

“We live and breathe small business growth every single day,” said Charles Barr, Co-Founder & Director of LVRG. “LVRG is a team of the right people, working with the right data, getting you the right-size funding for your business. The time is now, and there are no excuses; we’re giving you the opportunity to access capital to help you purchase inventory, upgrade equipment, launch a marketing campaign, hire staff, expand, manage payroll, etc.”

One clear reason small businesses fail is due to lack of funding. Smart business owners diversify their capital sources and project losses well in advance, which allows them to seek out funding options and be prepared for difficult financial situations before they strike.  Getting to a position of excess cash flow helps a company operate in a strategic, proactive way, rather than a reactive, defensive way.

Small businesses are the cornerstone of our culture. They provide quality goods and services in our neighborhoods. If you own a small business, and have an idea to grow but lack the capital to get it done, LVRG can help.

About LVRG: Headquartered in the Ford Building, LVRG is a local finance company dedicated to helping local small businesses thrive and grow. With a dedication to our clientele and a reputation for excellence, you'll understand why LVRG is such a respected member of Metro Detroit’s small business community. Give us a call today (855) 998-5874, we're here to help!

Detroit Based LVRG Provides $2 Million in Financing Fueling Detroit’s Small Business Growth


Official Press Release Distributed on March 28th, 2018.

Detroit  – When it’s rooted in Detroit you know it’s good. LVRG is headquartered in Detroit’s Historic Ford Building and provides Detroit small businesses with an efficient, simplified alternative to bank financing.

Since establishing its headquarters in Detroit in 2015, LVRG has provided $2 million in small business loans, revenue-based financing, cash flow, and working capital solutions ranging from $10,000 to $500,000. Typically, LVRG puts financing in a business owner’s hands within hours of qualification.

“We have facilitated around $2 million in financing to small businesses in Detroit and the surrounding suburbs throughout the past few years,” said Charles Barr, Co-Founder & Director of LVRG. “We have the capacity to support the small business community in Metro Detroit far beyond that $2 million, and we look forward to the opportunities ahead.”

LVRG understands small business owners face unique challenges that require the partnership of an experienced funding company, and LVRG is happy to provide those resources.

Most small business owners will encounter obstacles when seeking funding from mainstream banks. In fact, out of the 30 million small businesses in this country, more than 80% of them will never qualify for traditional bank financing. LVRG exists to provide opportunities to small businesses to fill the gap in traditional bank financing. LVRG is eager to fund these businesses, that otherwise wouldn’t stand a chance to grow, which in turn supports the greater economy.

LVRG has unique alternatives to traditional bank loans. Hassle free options allow business owners, who have limited access to capital because of tightening credit markets, obtain the financing they need to support and grow their business. Unlike a bank, LVRG looks at a business’s historical cash flow and performance, not just a strict credit criteria. This allows them the flexibility to effectively evaluate your business and provide you with the financing you deserve.

“Being non-bankable doesn’t have to mean small businesses are forced to limit their business goals,” said Barr. “There’s a ton of capital out there and financing opportunities are available. From my experiences with existing small business owners in the Detroit market, they tend to be looking for capital in the wrong places. I want to see businesses and Detroit grow. And LVRG can help along the way.”

The criteria to apply is simple. Minimum six months in business and $10,000 per month in gross revenue. No startups, or purchases will be considered.

Additionally, with more than 100 reputable funding partnerships all across the country, the amount of capital LVRG is able to fuel into Metro Detroit small business can definitely make a huge impact.

“Coming to us is a one-stop shop for business financing, because there’s really nothing that we can’t get done - other than funding a start-up,” said Barr. “As long as the business is established with at least six months operating history and consistent cash flow, chances are we can help that business owner with obtaining the necessary financing that a business needs to sustain themselves and grow.”

LVRG is a nation-wide funding company rooted in Detroit. There are satellite offices in South Florida and New York, which expand the network of lending partnerships and small businesses to assist.

“At LVRG, we believe we are different from other lending firms. We never set out to be the biggest, but we constantly strive to be the best,” said Barr.

LVRG may not be the only funding company out there - just a better one.

About LVRG: Headquartered in Detroit's Historic Ford Building, LVRG is committed to the success and growth of small businesses throughout the United States. LVRG provides an alternative to traditional bank financing offering small business loans, revenue-based financing, cash flow, and working-capital solutions to help business owners overcome the challenges unique to a small business. Call LVRG toll free at (855) 998-5874 or click below to apply online.

How to Avoid Small Business Loan Scams

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How to Avoid Small Business Loan & Merchant Cash Advance Scams


Sounds so simple, doesn't it? Small business loan scams are happening more and more. Seriously, did you really think buying a merchant cash advance from that fast taking overly aggressive telemarketer was a smart idea? Small business finance is broken, plagued with predatory lenders and unethical loan brokers. In fact, the business model is comparable to the old mortgage industry, and you know what happened there...


With no regulation whatsoever, most funding companies are nothing more than call centers, ran by very young salespeople with zero knowledge, background, or experience in business, and/or finance. In fact, most loan brokers and online lenders simply auction off your application to the highest bidder, all while destroying your credit. Small business owners are being misled at every turn, collecting made up loan quotes, comparing lending rates & terms that don't exist in reality, clicking on banner ads for loan products they'll never qualify for, committing to funding offers that change at the last minute, and being duped into signing bait & switch funding contracts. As a funding company, we have never seen so many small business owners getting burned, in all the years we've been funding companies. And guess what, most of these small business owners who are getting burned, are going out looking for it. At the end of the day, the more people shop for business loans, the more people will get burned.

Sound familiar?

  1. Sign this funding contract, and we'll lower the rate in 30 days. LIE!
  2. Sign this funding contract and we'll turn it into a term loan at a low interest rate in a month. LIE!
  3. Sign this funding contract and we'll use it as a bridge loan into the SBA. LIE!
  4. Sign this funding contract and we'll give you double the money in a month. LIE!

Do you know, most business loan quotes that people are spending countless hours shopping for, are literally made up? 100% fairy dust. POOF! Business owners are wasting their time shopping for fake loan quotes, signing bait & switch funding contracts and right before funding, the lender says, "oh by the way."

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Common sense would tell a person (with common sense) NOT TO SWIM IN THE WATER. You would be amazed how many people in today's day and age, would see this sign and still jump in. It's absolutely bizarre!

All day, every day, business owners come to us asking for capital and advice, yet refuse to listen to a word we say. Many of them have already shopped business loan websites, lenders, and brokers, wanting us to beat other offers they've collected. More often than not, they are waiving around a fake offer, from a fake funding company. But they simply don't listen to a word we say, until they come back around a month later begging for help all over again. It's like a revolving door, and a viscous circle that is getting worse by the day.

Don’t fall victim to a business loan scam. Know the warning signs and sneaky tactics to watch out for.

Here's the problem.... Do you know that there are NO requirements needed to "sell" small business loans, and other small business loan products? Think about that for a second.... NO barrier to entry in small business finance, whatsoever. No education. No experience. No certification. No schooling. No classes. No tests. No courses. No oversight. No nothing!

Would you have your estate planned by someone with zero background in estate planning? Hire an attorney who never passed the bar? Have heart surgery by someone who never passed high school? Hire a stranger who cold-called you off Craigslist to watch your newborn?


So why on earth would anyone put the future of their business and livelihood in the hands of a loan broker, or lender, with no knowledge, background, experience, in business, and finance?

Business loans are essential for many businesses, but business lending is also a hotbed for scams. The problem is the small business loan industry is completely unregulated. These scammers can say whatever they want, without any oversight. They are getting away with it, and businesses are imploding. It's paradise for shady characters, and there are a TON of them out there. Scammers work from both inside and outside of the US to separate business owners from their money by taking advantage of people who don’t know how the process works or what to expect.

Fortunately, you can stay safe by learning about what to look out for and some of the tricks often used by scammers.

Eight signs you’re being scammed:

There are a few red flags to look out for to tell if you’re being scammed. If you encounter even one of these, it usually means your so-called lender wants to take your money, not give you some.

  1. Money upfront. There is never any reason to pay a loan broker upfront. It doesn’t matter what reason they give, be it administration fees, credit check costs, processing costs or anything else. A loan broker should only ever get paid by the lender, in commission, after the deal is done. Some lenders might have initiation fees or costs, but these are rarely a significant figure and are only charged once your loan is funded. They should never ask for a down payment or other significant upfront costs before approval. If any loan officer or lender wants money upfront, be cautious.
  2. Credit repair. A business credit repair service should also be approached with caution. This is particularly true if you are approached by them, they offer the service unprompted or they tell you it’s necessary to repair your credit before getting a business loan. Startups and many other small businesses aren’t expected to have a perfect credit score, and lenders will generally place more weight on your business revenue and other application details rather than your score.
  3. No contact information. Avoid lenders who don’t have a physical address or easily-found contact information.
  4. Really, really good rates and terms. It’s sad to say, but if a deal looks too good to be true, then it probably is. Lenders are competing with each other and are constantly trying to offer better rates and loan conditions to attract more business, but they have limits as to what they can offer without losing money. If there’s one lender who seems to be offering a deal that exceeds other details by a long way, you may have cause to be suspicious.
  5. They “guarantee” acceptance, or anything else. No lender can guarantee that you will be approved for a loan. When a business offers customers a guarantee, that’s a binding promise they must deliver on. Without submitting your business application, you shouldn’t trust any guaranteed loan. If their marketing says guaranteed business loans, RUN!
  6. Generic email addresses. If a business lender is emailing you from a Gmail, Hotmail, Yahoo or other generic email account, then something is off and you should tread carefully. Lenders should be conducting all business with an official business email address.
  7. Unsolicited services and contact. If a “lender” offers you a loan unsolicited, it may be a sign of a scam. Lenders don’t offer loans with a cold call. They might send promotional letters in the mail or display ads on your browser, but even those are based on some background information on you. Similarly, you should also be aware of services you don’t want and didn’t ask for, like business plan writing or credit repair. Although these are legitimate services in their own right, they are generally not offered without prompting and you should consider whether you actually need them.
  8. The wrong type of loan. If you have a pretty good idea of what type of business loan you need but the lender wants to push you towards another option, you may want to be cautious. You might be being steered towards a product with higher rates or worse terms.
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Unfortunately, the growth of online lending has resulted in the introduction of sub-optimal lenders that engage in less than ethical practices. Unfortunately, some lenders push small business owners to take on more credit than needed, or initially promise unsubstantiated terms and rates in a bait-and-switch scenario. The reality is, with zero regulation in small business finance and the merchant cash advance industry, coupled with the fact that anyone can buy their way to the top of a search engine... it's the wild west and thousands of small business owners are learning a very dear lesson, the hard way.

Are online business loans safe?

The short answer is: It depends. There are a handful legitimate online lenders, but most online loan shoppers don't wind up finding them. Because the scammers make more appealing (fake) offers and that's what is catching peoples attention. Business owners don't want to hear legitimate rates of 20%, when 2% sounds so much better. You wouldn't loan your own money at 2% interest, so why would anyone else? But 2% business loans (although totally fake) will get all the clicks, even though it's a completely fake offer.

How to Shop for a Small Business Loan and Merchant Cash Advance Effectively (Video)

Three online business loan scams to watch out for:

Crooks are getting increasingly tech-savvy when it comes to taking advantage of the unwary. This lets them strike at US business owners from outside the country and steal not only money but also valuable personal information. They may approach you by:

  • Taking out ads on legitimate websites. Just because someone is advertising doesn’t mean they’re the real deal. Be suspicious of online ads for guaranteed approval or unrealistically good rates. These people don't need to be legit, they just need to pay the search engines so you can find them. Remember, don't confuse a big marketing budget with an ethical company.
  • Creating fake websites. Sometimes scammers will create their own imitation business website and then use this to “prove” that they’re real. They might send out links to it in emails and elsewhere. It’s important to remember that having a professional looking website doesn’t necessarily mean a company is legitimate. Check for things like verified contact information and state licenses to confirm legitimacy.
  • Cold calls. Whether it’s through text messages, emails, phone calls or social media, beware of someone who keeps dangling a website address in front of you like a fishhook. Don’t click links you find in emails from unknown senders or in texts from unknown numbers. These people can hardly speak English and they don't stop calling.

How to spot a legit business lender

Separating the two is easy once you know how. Scammers can fake legitimacy in a few different ways, but there will always be signs to look out for. The trick is to make sure that everything adds up. You should know:

  • The name of the company representative you’re speaking with and the name of the company itself
  • The company’s state license number
  • The company’s public phone number
  • The company’s physical address

Look for anything that doesn’t match.

  • Check the license and make sure it matches the name of the company, the physical address and the phone number.
  • Call back the phone number to make sure it’s real and that you can reach the company with it.
  • Match the physical address with the license number and phone number if possible.
  • Search the company’s name online and look for any scam warnings, feedback or red flags from other business owners.
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It is important to remember that small business financing is meant to be an individual solution that fits your specific business, business model and goals. Business loans are NOT meant to be bought, sold, or haggled over. So, before you start filling out countless applications and forwarding your financial information to anyone and everyone promising a "better rate," consider your business' complete financial standing, the purpose of the loan and just how 'shopping' for the best rate could negatively affect your credit standing and the future of your business.

We're not the only funding company out there, just a better one.

Reference: Finder - How to avoid business loan scams (1 November 2017)

Managing Small Business Cash Flow is Simple... With this Tip!

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Profit Does Not Equal To Good Cash Flow

You can’t just look at your profit and loss statement (P&L) and get a grip on your cash flow. Many other financial figures feed into factoring your cash flow, including accounts receivable, inventory, accounts payable, capital expenditures, and taxation.

Effective cash-flow management requires a laser focus on each of these drivers of cash, in addition to your profit or loss. Rules of accounting define profit simply as revenue minus expenses.  However, a smart business owner understand the fact that whether you earned a profit is not the same as knowing what happened to your cash.

Managing Small Business Cash Flow is Simple... With this Tip!

Positive cash flow: This occurs when the cash entering into your business from sales, accounts receivable, etc. is more than the amount of the cash leaving your businesses through accounts payable, monthly expenses, employee salaries, etc.

Negative cash flow: This occurs when your outflow of cash is greater than your incoming cash. This generally means trouble for a business, but there are steps you can take to fix the negative cash flow problem and get into positive zone.

Despite the fact that cash is the lifeblood of a business, the fuel that keeps the engine running, most business owners don't truly have a handle on their cash flow. One way to keep that situation under control is by tracking your cash flow results every month to determine if your management is creating the type of cash flow your business needs. This also helps you get better and better at creating cash flow projections you can rely on as you make business decisions about expanding your business and taking care of your existing bills. Your cash flow troubles aren't going to fix themselves, so it's best to have a plan and be proactive.

Getting Control of Your Cash Flow Starts with LVRG.

Why getting to a position of excess cash flow is vital to a small business. (video)

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Cash flow also gives your business greater flexibility in responding to emerging dilemmas or making critical decisions. Confidence in cash flow makes it easier to make critical purchases in the near term rather than waiting. It also allows you to disperse cash in the form of dividends to shareholders or owners. This strengthens the bond between the company and its owners. You also have the ability to offer favorable credit terms to attract new buyers if you are less desperate for cash.

Why getting to a position of excess cash flow is vital to a small business. (video)

Uneven cash flow is one of the biggest challenges of small businesses throughout all industries. In a perfect world, you’d walk into your local bank and walk out with a business loan long before you wound up in a cash crunch. Well, those days are long gone! If you haven’t been in business at least two years, or lack good credit and collateral, chances are a traditional bank loan is never going to happen. 

Is Cash Flow Lending in your Business Future?

In order to deal with this shortfall, a cash flow loan may be your best option. For this type of business financing, lenders provide you funds and use your future expected cash flow as collateral for the loan. You’re essentially borrowing from cash that you expect to receive in the future by giving the lender the rights to a predetermined amount of these receivables. These are primarily used for working capital or take advantage of short-term ROI opportunities. Your credit scores will usually be checked, but they play less of a role. As the name indicates, the lender is more concerned with inspecting your cash flow (usually bank statements) to approve your application. Turnaround time is another great feature of a cash flow loan, as funding usually takes place in a matter of days.

What's the best way to manage my cash flow for my small business?

A cash flow loan may be used for any business expense, but some common uses are: 

  • Working capital
  • High ROI short-term opportunities
  • Purchasing highly-discounted inventory
  • Payroll
  • Marketing
  • Business expansion

Get up to $500,000 to grow your business in as little as 24 hours, regardless of credit.