Small Business Finance

Fast small business loans from a reputable and reliable strategic funding source

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Long gone are the days when small businesses had to rely solely on mainstream banks to get a loan. Business owners now have a lot of options when it comes to accessing finances. However, this has led to rise in the number of predatory lenders and unethical loan brokers seeking to take advantage of your urgent need for small business capital loans. Good business loan lenders should have the best interest of their borrowers at heart and not take advantage of their vulnerability.

How to spot predatory lenders

First and foremost, predatory lenders will spot you before you spot them. They buy databases of contacts and spam them with calls, emails, and mail. You know the calls, "hey Jim, you've just been pre-qualified for $250,000 in business funding simply for waking up this morning!" Predatory lenders can be easily identified from their unreasonable terms and deceptive practices. Their interest rates are extraordinarily high, and repayment terms are short. They include unnecessary additional fees and will not fully disclose relevant information regarding the loan they are offering you. One business owner just called us asking for help, as he got sucked into borrowing $13,000 paying back $1,000 per month for 10 years. WOW!!! Think about that for a second and then do the math. With no regulation whatsoever, most funding companies are nothing more than call centers, ran by overly aggressive salespeople with zero knowledge, background, or experience in business, and/or finance. If you learn to recognize predatory loans, you will save your business from the severe financial consequences of borrowing from the wrong person.

How much capital can you afford?

You should calculate the amount of profit you earn from your firm’s operations and compare it to your debt service: the sum of the principal and the interest on the loan. A minimum debt coverage ratio of 1.0 - 1.2 on the high end is a suitable threshold to use, and if it falls below that, it can mean that your profits won't be enough to make the borrowing worth it.

Be clear on why you are borrowing

Funding a small business should be purposeful and must have a commercial return. It could be a one-off improvement like the purchase of new equipment to generate future returns or a tool to invest in expansion. Small businesses rely on profits and thus, the purpose of borrowing ought to revolve around the agenda of helping you generate more income. Don't just ask a lender for what you qualify for, or "how much can I get." This is a sure fire way to take on way more debt than you can handle, and for no good reason. Have a plan in place, or a use of funds, and stick to that. 

Get the best funding options by classifying your loan

The interest rate you pay for your small business loan depends on the amount you borrow and the time in which you have to repay it. You can breakdown short-term expenditures required to restock inventor and long-term spending like buying equipment and negotiate for different terms of repayment.

The growth of your small business is dependent on your smart choice of a strategic funding source. LVRG are experienced and trusted small business finance professionals with an extensive track record in the industry. Call us today if you need fast small business loans offered by a team of experts who care and can advise you appropriately.

 

Trying to get a small business loan from my bank is a nightmare. Are there any non-bank business loan alternatives?

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A "small business" can be defined as a number of things. The U.S. Small Business Administration defines a small business in different classes depending on the type of industry it is involved in. Basically, the business size boils down to, "the largest a business can get (both in terms of employees hired and overall turnover) while still being considered a small business concern." While confusing in and of itself, we know that small businesses make up the backbone of America's economy and have done so from the earliest days of American economic freedom. Today, restaurants, craft breweries, barber shops, beauty salons, automotive shops, florists and all other types of retail businesses make up some of the most respected businesses in every city across the country.

Small businesses hearken back to a time when the American Dream was alive and well, fueled not by plastic products from China, but by honest, dedicated work. There are still people that conform to these ideals, and these people make up the basis of America's small businesses. Innovative ideas from a number of different catchment areas means that you can open up a business dealing with almost any type of good or service. Throughout America are new manufacturers, breweries, retail stores, coffee houses, retail boutiques and entertainment centers…just to name a few. These businesses are what fuel America's growth and help it to withstand times of economic uncertainty. By keeping true to the values that business owners before them have espoused, these local business owners serve as the platform that supports the American economy.

Nobody faces more challenges on a daily basis than business owners. In fact, for owners of small and medium sized businesses, handling many different challenges is the source of great satisfaction and some headaches, too.

But when business owners are asked to name their greatest challenge, one thing tends to top the list most often; access to capital. In other words, making sure there is enough capital flowing in to cover everything that needs to flow out.

Financing a small business usually requires a lot of creative means in order to come up with a viable financing strategy. There are a number of ways that small business owners can finance his or her business. Depending on the type of business, the expected return on investment and the complications that may arise financially, finding funding can vary. The scope of the project must be presented to any potential financiers in order to give them the gist of the business plan and use of funds.

So what options are available to a small business owner in their search for capital? In a perfect world, you’d walk into your local bank and walk out with a business loan. Well, those days are long gone! If your business isn’t profitable or over 2 years old, lack perfect credit, and aren’t willing to sign over you home as collateral, just for starters; there’s an 80% chance a bank loan is never going to happen. Thankfully, you do not have to rely on bank loans or stress about being automatically denied from your local lending institution. Alternative lenders and resources such as LVRG have many advantages over traditional bank financing, including:

  • Less Likely to be Denied

  • Niche Markets Better Understood

  • Credit Scores Not the Only Factor

What sources are available to finance working capital needs of small businesses?

Keep reading for 3 of the fastest, efficient and “obtainable” ways to access capital for your small business without the nonsense of a bank:

#1. Revenue Based Loan -

A revenue based loan could be your businesses lifeblood and provide it with several financial benefits. When your business is growing, chances are you'll need an injection of cash to continue its growth. Bank loans are often times too restrictive and near impossible to obtain these days. In this situation, a revenue based loan may be the best solution. If you use it wisely, a revenue based loan could do wonders for your business. Without being capitalized, chances are you will wind up in a growth stalemate. Here are three ways that revenue based loan can save your business:

Helps Grow Your Business

If your business is under 2 years old and starting to scale, you obviously want to ride the wave. You cannot do this without a dependable source of capital. Bank criteria is typically a minimum of 2 years in business, strong cash flow, positive ratios and perfect credit. However, a revenue based lender will fund newer businesses, with less stringent credit requirements and use of capital restrictions. This type of loan will give you a shortcut to cash since it only requires a few months of business bank statements; whereas banks require 2 to 3 year business and personal tax returns, income statement, balance sheet, personal financial statement, debt schedule and countless other documents to complete loan package. Many times, your bank statements are enough to demonstrate to a revenue based lender that you can repay your loan.

Get Cash Quickly

You're busy running a business, you don't have to time to compile overly detailed loan packages and chasing after loan sources. All you know is that you need cash quickly and even if you could get approved for a bank loan, is it really worth all the trouble? A revenue based loan will provide cash quickly with a very short turnaround time. If you are prepared to apply for a revenue based loan and have the appropriate supporting documents ready to go, you may be able to get funding in as little as 24 hours. Compare that to a bank loan where the loan process is on average 2 to 4 months. This is one of the main advantages of a revenue based loan. Some businesses actually consider this a lifesaver, and will go this route over a bank loan any day.

What is a bank statement small business loan?

No Lingering Debt

A revenue based loan will not weigh you down with long-term debt. When you obtain a revenue based loan, you will not be looking at 5 to 10 years to repay a loan for money that you're using today. Think about it, why would you want the headache of paying off a 2015 marketing campaign all the way into 2025? Not to mention, having this type of long-term loan could hurt your chances for getting funding in the near future, which all businesses will need if they plan to scale. With a revenue based loan, you will pay it off in roughly 6-12 months, which makes more sense for short-term expenses. Additionally, lenders are usually willing to replenish the loan after roughly 50% is paid down, so you can continue getting more capital along the way. One more point to mention, going the bank route you'll also have to be aware of up-front fees, equity injections, referral fees, packaging fees, guarantee fees, and closing costs.

As you see, the preceding three steps show you how a revenue based loan could be advantageous for your business. It helps you grow your business quickly and it does not saddle you down with long-term, highly encumbering debt. It gives you the cash that you need quickly, to grow your business your way. What more could a growing business need?

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#2. Merchant Cash Advance –

For starters, a Merchant Cash Advance (MCA) is not a loan, but rather a cash advance based upon the credit card sales of a business. A small business can apply for an MCA and have funds deposited into their account fairly quickly, often times in less than 24 hours.

Merchant Cash Advance providers evaluate risk and weigh credit criteria differently than a banker or lending institution. An MCA provider looks at the daily credit card receipts to determine if the business can pay back the funds in a timely manner. Basically, a small business “sells” a portion of future credit card sales to acquire capital immediately.

Rates on a Merchant Cash Advance can be much higher than other financing options, so it’s critical you understand the terms you’re being offered so you can make an informed decision about ROI.

How does a Merchant Cash Advance Work?

An agreement is made between the small business owner and the MCA provider regarding the advance amount, payback amount, hold-back and term of the advance. Once an agreement is made, the advance is transferred to the business’ bank account in exchange for a future percentage of credit card receipts.

Merchant Cash Advance - A Simple, Quick Way To Grow Your Business

Each day, an agreed upon percentage of the daily credit card receipts are withheld to pay back the MCA. This is called a “holdback” and will continue until the advance is paid in full. Access to a business owner’s merchant account eliminates the collateral requirement required for a traditional small business loan.

Because repayment is based upon a percentage of the daily balance in the merchant account, the more credit card transactions a business does, the faster they’re able to repay the advance. And, should transactions be lower on any given day, the draw from the merchant account will also be less. This means that during times of slow business, the business’ payback is relative to their incoming cash flow.

Are there any financing options for small business owners with bad credit?

Repayment Costs

A business that uses a Merchant Cash Advance will typically pay back 15% – 40% or more of the amount borrowed. This percentage is called the factor rate.

Note: there’s a difference between the hold-back amount that a small business pays every day (as a percentage of their sales receipts) and the repayment amount for the entire advance. There could, for instance, be a hold-back of 15%, and a repayment of 30%, so it’s important for business owners to understand this distinction.

The hold-back percentage is based on:

  • The amount of funds a business receives

  • How long it will take to pay back the money

  • How big the monthly credit card sales are

For Example: A business is advanced $10,000 and agrees to pay back $13,000. This means the payback, or factor rate, is 30%. Moving forward, the business agrees to have 15% of the business’ credit card transactions withheld by the advance company (the holdback) until the $13,000 is collected. If the business is averaging $14,500 a month in credit card sales, approximately $2,160 would be withheld each month and the advance would be paid back in roughly six months. Typical holdback rates may range from 10%-20%, though this can vary widely based upon the business and risk.

How to know if a Merchant Cash Advance is Right for Your Business?

An MCA is an option when a business needs access to capital quickly to take advantage of an opportunity to purchase inventory at a discount, a special marketing opportunity, or other short-term capital need. And, because credit requirements are less stringent, it could be an option for a business that does a lot of credit card transactions, but might have less-than-perfect credit.

#3. Cash Flow Loan

Even if your small business is growing, you may find yourself needing extra cash to cover day-to-day expenses such as payroll, rent and inventory, or to pay for short-term projects that could grow your revenue in the long run. Uneven cash flow is one of the biggest challenges of small businesses throughout all industries.

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.

There are typically no restrictions on how you choose to use the funds from any of these funding options, as long as it’s used towards the business. With that being said, some of the more typical uses of a cash flow loan, revenue based loan or merchant cash advance include:

  • Buying equipment – Could a new computer, desk, telephone, cash register or software come in handy? Money to pay for the purchase of necessary business equipment could help boost your profits. And if this cash isn’t readily available in your account, a cash flow loan, revenue based loan or MCA can provide you with these funds.

  • Paying employees – Instead of running your business like a one-man show, a few extra hands could really help. Spending borrowed money on employee’s salaries can be the answer rather than disrupting your cash flow to cover this expense.

  • Purchasing inventory – One of the most common uses for fast working capital is buying inventory. It takes products in stock to make business profitable, so it only makes sense to invest in enough inventory to make sure you always have enough to sell to clients.

  • Expanding the business – If your business is experiencing some success, you might want to start thinking about taking things to the next level. A lump sum of cash might be just what you need to get business booming.

Are there any alternative financing options for small businesses with bad credit or no credit history?

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Benefits of a cash flow loan, revenue based loan or merchant cash advance

In addition to the much easier method of obtaining working capital from a resource like LVRG than from a bank, a cash flow loan, revenue based loan and MCA has a lot of incentives when it comes to small business financing:

  • Much quicker approval times from LVRG than a bank. This translates to faster cash-in-hand, allowing you to take advantage of current market prices.

  • Whereas business loans from a bank require you to have collateral in order to gain favorable consideration, LVRG requires you to be subject to a limited amount of conditions.

  • A cash advance or revenue based loan is also much more beneficial to the cash flow of a company since it does not require any monthly payments or upfront fees that are characteristic of loans.

  • There is no limitation on how the funds acquired from a cash flow loan, MCA, or revenue based loan can be used. Funds that are loaned through a financial institution must be used for the stated purpose by the business. As a result, money from a business loan has a very narrow scope of action as compared to money that comes from a cash advance or fast working capital loan.

Are there any alternative financing options for small businesses with bad credit or no credit history?

So there you have it, 3 of the fastest, most efficient and “obtainable” ways to access capital for your small business. Cash Flow Loans, Revenue Based Loans and Merchant Cash Advances from LVRG have helped thousands of businesses just like yours not only turn the corner, but pull ahead in the race. Have a specific small business topic in mind? Search Our Database.

What is a bank statement small business loan?

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A bank statement business loan (revenue based loan) is a loan that is based among other things on the past 3-12 months of bank statements showing that the average monthly deposits, withdrawals/expenses and average balances will support the loan payments.

Small Business ACH Loans. What Are They and How Can They Benefit My Business?

A bank statement small business loan could be your business's lifeblood and provide it with several financial benefits. When your business is growing, you may need a quick injection of cash to continue its growth. Bank loans are often times too restrictive, not to mention near impossible to get these days. In this situation, a revenue based loan may be the best solution for your business goals. If you use it wisely, a revenue based loan could do wonders for your business. As they say, “cash is king,” and without being capitalized, chances are you will wind up in a growth stalemate. Here are three ways that revenue based loan can save your business.

It helps to grow your business

If your business is under 2 years old and starting to scale, you obviously want to ride the wave. You cannot do this without a dependable source of capital. Bank criteria is typically a minimum of 2 years in business, however a revenue based lender will fund newer businesses. This type of loan will give you a shortcut to cash since it only requires a few months of business bank statements, whereas banks require two years tax returns and countless other documents. This is especially advantageous if you have cash flow issues, or strong cash flow coupled with high expenses. Many times, your bank statements are enough to demonstrate to a revenue based lender that you can repay your loan.

6 Ways Small Business Owners Can Finance Growth

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Get cash quickly

You're busy running a business and you don't have to time to chase after loan sources. All you know is that you need cash quickly and even if you could get approved for a bank loan, is it really worth all the trouble? A revenue based loan will provide cash quickly with a very short turnaround time. If you are prepared to apply for a revenue based loan and have the appropriate supporting documents ready to go, you may be able to get funding in a matter of days. Compare that to a bank loan where the shortest turnaround time is 2 weeks, but typically 4-8 weeks. This is one of the main advantages of a revenue based loan. Some businesses actually consider this a lifesaver, and will go this route over a bank loan any day.

What options do you have for funding when a bank denies your business loan?

You won't have lingering debt

A revenue based loan will not weigh you down with long-term debt. When you obtain this type of loan, you will not be looking at 5 to 10 years to repay a loan for money that you're using today. Think about it, why would you want to headache of paying off a 2015 marketing campaign in 2025? Not to mention, having this type of long-term loan could hurt your chances for getting funding in the future. With the revenue based loan, you will pay it off in roughly 6-12 months, which makes more sense for short-term expenses that you just need to grow your business and boost revenues. One more thing to point out, going the bank route you also have to be aware of is the up-front fees’ such as ones from SBA carriers, referral fees, packaging, guarantee fees, and sometimes closing costs. Also, banks will take first position on your UCC filing, require a personal guarantee and many times insist you put up your home as collateral.

Revenue Based Financing, Cash Flow Loans & Working Capital Solutions to Boost Your Business... Your Way!

As you see, the preceding three steps show you how a revenue based loan could be advantageous for your business. It helps you grow your business quickly and it does not saddle you down with long-term debt. It gives you the cash that you need quickly, to grow your business your way. What more could a growing business need? The only thing that you have to be conscious of is ensuring that your return on investment will allow you to repay your revenue based loan. Once you have that in mind, the revenue based loan may very well be your best solution for solving your businesses cash flow problems. This could be a lifesaver for your business.

For more information on bank statement small business loans, or other types of revenue based business funding options, call (855) 998-LVRG or click below to get started.

 

What options do you have for funding when a bank denies your business loan?

What options do you have for funding when a bank denies your business loan?

Roughly 80% of all small business owners get denied bank loans for one reason or another, so it’s impossible to say what options are available “for you” without knowing anything about your situation. Industry, time in business, cash flow ratios, debt ratios, loan purpose, collateral, etc. There are many factors that need to be considered to determine why you were denied a bank loan in the first place, and which path to take moving forward. With that being said, you have everything from crowdfunding, VC, private equity, equipment financing, alternative lending, P2P, micro-loans, grants, etc. This list here is endless. Not knowing anything about your business, and/or why you were declined by your bank, it’s tough to pinpoint an answer. However, here are some non-bank small business loans options to consider:

Small Business Cash Flow Loans

Even if your small business is growing, you may find yourself needing extra cash to cover day-to-day expenses such as payroll, rent and inventory, or to pay for short-term projects that could grow your revenue in the long run. 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.

How Do Small Businesses Finance Growth?

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.

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

Short-term cash flow loans are best used for short-term projects that would divert money from day-to-day expenses but ultimately grow your business, like taking on a big contract with a major company or adding extra seating in your restaurant. If you need cash fast, a cash flow loan may be your lifeline.

Preparing for Fluctuations in Your Small Business During an Uncertain Economy

Small Business Revenue Based Loan

There’s never been a better time or more choices for small and medium-sized businesses that need capital. And what business doesn't? Expanding, purchasing equipment, and evening out cash flow can all be managed with business financing. But business loans from traditional financial institutions are not the way to go for today’s businesses on the grow.

Today’s business owner is constantly on the lookout for growth opportunities and must move quickly to take advantage of them. An opportunity for an acquisition or expansion can arise suddenly and needs an immediate response and immediate cash. There’s also the need to purchase equipment or inventory. And of course, there will always be emergencies and cash flow gaps that need to be quickly managed with working capital.

That’s why revenue based financing & cash flow loans from LVRG are the fastest growing working capital solutions among small and medium-sized businesses. They’re the most prudent option for business owners needing capital to fuel or accelerate their businesses’ growth.

Traditional bank loans are often made for as long as 25 years and require mountains of documentation and financial statements. And then there’s the waiting period, for both an approval and for funding, which can be weeks or months. Don't forget the collateral you'll need for a bank loan, including your home, life insurance policies and up to 30% of the loan amount in cash. Additionally, among banking institutions, the credit turn-down rate for small businesses is rather high (roughly 80%) and doesn't show signs of improving significantly.

Revenue based financing and cash flow loans offer them distinct advantages:

  • They’re made for shorter terms, usually 6 to 18 months.

  • They require relatively little paperwork and a simple application to start.

  • The underwriting and approval process are designed to provide business owners quick answers.

  • Once approved, business owners have their funds in as little as 24 hours.

  • Payments based on a fixed percentage of sales.

  • Repayment terms are favorable.

  • Poor credit is not a deal breaker.

  • Financing that doesn’t require any equity.

  • Easy qualification process with no personal collateral required

Revenue based financing and small business loans can be used for any legitimate business expense, from remodeling or business expansion to buying equipment to launching a new marketing effort. The key here is growth and our business funding options are the perfect solution for business owners looking to take advantage of growth opportunities. These short-term loans for business are popular across every industry and in every state in the U.S. From manufacturing and transportation companies to restaurants and retail stores; short-term business loans are an efficient and cost-effective source of capital, when you need it.

Short-term financing can help businesses build or accelerate revenue in ways they couldn't otherwise. And at the same time, working capital solutions can help business owners negotiate better discounts or terms with vendors and avoid longer-term charges and fees, saving money in the long run. There’s no question why revenue based loans and cash flow financing are catching fire. They’re the ultimate financial win-win for small and medium-sized businesses.

Small Business Working Capital Loan

Nobody faces more challenges on a daily basis than business owners. In fact, for owners of small and medium sized businesses, handling many different challenges is the source of great satisfaction and some headaches, too.

But when business owners are asked to name their greatest challenge, one thing tends to top the list most often; accessing working capital to manage cash flow. In other words, making sure there is enough capital flowing in to cover everything that needs to flow out.

There are a variety of reasons why cash flow can be a steep challenge for small business owners. Needs can precede revenue. Or perhaps you’re getting paid more slowly than you’d like. Or if you’re a seasonal business, a garden center, for example, or specialize in hardy, cold weather clothing and you have peak sales months which require that revenue to stretch across your off-season months.

Often, business owners can optimize cash flow by negotiating longer payment cycles with creditors and encouraging debtors to pay in shorter time periods. But there are other solutions that can help you sail through the lean months with plenty of working capital on hand: a short term business loan or merchant cash advance.

You can put a small business loan “to work” immediately for your business, whether it means meeting payroll for a few months, negotiating a great deal on inventory for paying in cash or hiring and training those new employees you need. Our business financing solutions for working capital can help you operate without missing a beat or even take advantage of an unexpected or one time business opportunity.

ACH Small Business Loans

For starters, an ACH small business loan can also be referred to as a small business cash flow loan, small business revenue based loan or a small business merchant cash advance. The ACH designation really applies to how the lender is paid. ACH or Automated Clearing House, refers to the lenders ability to withdraw an agreed upon amount directly from your checking account at agreed upon intervals, typically daily or weekly. This is different from factoring your accounts receivable (A/R), because instead of billing your customers and collecting from them, they directly access your checking account in much the same way automated payments might go to you mortgage lender or a utility company from your personal checking account.

An ACH small business loan, much like factoring or an MCA loan, should be considered a small business short-term financing option. The cost of the capital is more expensive, in other words you’ll pay a higher interest rate, but you’ll be able to access that capital much quicker than a traditional term loan from the bank or other financial institution.

Because a small business ACH loan lender will be able to pull your payment directly from your checking account, it reduces risk to the lender making it possible for small business owners with a healthy checking account but less-than-perfect credit to get a loan.

Merchant Cash Advance (MCA)

MCA's or business cash advances can provide business borrowers with an upfront fixed amount of cash in as little as 24 hours. The funding amount is based upon a percentage of the businesses credit card receivables or daily cash balances using historical credit card receipts and bank statements to determine the initial advance. The business pays back the advance, plus a percentage, often referred to as a discount factor, from a portion of their credit card receivables or cash available plus a percentage which is often referred to as a discount factor. The remittances are drawn from the business customer on a daily, weekly or monthly basis until the obligation has been met. An MCA is not technically a small business loan and as such MCA's are not limited in what rates they charge or what terms they establish and therefore often have high interest rates. For this reason it is very important for a business owner to be completely aware of how the MCA product works and how it could affect their business. MCA's are good options for small business owners who may not have strong credit but have lots of credit card activity and need financing quickly.

Although Often Misunderstood, a Small Business Cash Advance or Credit Card Merchant Cash Advance Could Work Wonders For Your Business...If Used Correctly!

There are several financing options available to help your small business navigate short-term cash flow shortfalls and make bigger capital-intensive investments. However, make sure you're getting the right loan or credit option that suits your business's needs. Ideally, a small business loan or line of credit should help you maintain your daily business operations—and set up your company for future growth.

And then there are those costs that no business owner sees coming. The sudden need to replace an important piece of equipment or the need to upgrade technology to improve efficiency and save money in the long run. Repairs, sprucing up the exterior, landscaping, even marketing and advertising can all be critical elements to your brand and your ability to growth the business. In today’s super competitive environment, this is no time to skimp, especially when applying for business funding.

Small Business Loans to BOOST Holiday Sales. Fast, No-Nonsense, Funding for your Small Business!

The holidays are just around the corner and consumers seem to start their shopping earlier each year, so what plan do you have in place to tackle the holiday rush? Do you have the funds to survive the rush? Here are 3 BIG ways a loan can help you be more profitable than ever this holiday season:

Inventory
It takes money to make money. If you don't have sufficient inventory to last through the holiday rush, then you risk missing out on thousands in revenue. Take time to do an inventory review and account for what you'll need the most of. Then, consider getting a loan to help you supply your business with the necessary inventory so you are fully stocked and ready to go.

Extra Staff
Did you know that 20% of annual retail sales are generated during the holiday rush?! If 20% of your potential annual sales all occur within 4-6 weeks, you certainly don't want to be unprepared. Stores get busy. VERY busy. If you don't have enough staff on hand, it will force your customers to wait in very long lines. Some won't even enter your store if they see too long of a line.

Don’t be afraid to look into hiring a few extra hands during the busy season, seasonal staffing is nothing new and there are always plenty of people willing to take seasonal jobs. If you don't have enough funds to hire seasonal staff, this is another way a loan can really help you prepare for the holiday rush that is about to begin.

Equipment
Do you have any current processes that are slower than you'd like? Is there a piece of equipment that will speed it up significantly? An equipment loan may be exactly what you need to get through the holiday rush successfully. Maybe you want to upgrade your point-of-sale system to reduce the line wait. Or perhaps that new espresso machine is exactly what you need to ramp up your coffee shop. If you know upgrading or adding equipment will help you boost those sales, the time is now to obtain capital. 

Why LVRG? Simple! Funding Offers Often 5X Other Lenders, No Credit Restrictions, Lower Rates, Longer Terms & Faster Funding. $15,000 to $2,000,000 in 24 Hours. 

Small Business Funding Options:

Small Business Loans - Get up to $2 Million to grow your business in as little as 24 hours. From purchasing inventory and equipment to remodeling and advertising, small businesses need capital for many reasons. Our small business loans may be used for any business expense, even if you just need an influx of capital to boost your cash flow. We offer both fixed and flexible repayment options, customizing your funding to meet your business's cash flow model. 

Revenue Based Financing - Instead of a business being required to pay fixed interest payments like a typical bank loan, a revenue based loan is paid with a percentage of revenues. With loan amounts up to $2 Million dollars and funding in as little as 24 hours, it helps you grow your business and it does not saddle you down with long-term, highly encumbering debt. 

Cash Flow Loans - Type of debt financing, generally for working capital, using the expected cash flows that a borrowing company generates 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. Get up to $2 Million in as little as 24 hours, regardless of credit!

Working Capital Loans - At any stage of growth, fast, flexible funding is essential to the continued success of your small business. Our working capital loans feature 6 to 17 month terms and fixed payment options to accommodate your specific needs, so you can focus on what you do best, running and building your small business.

Business Expansion Loans - Designed for prime businesses with better risk profiles, our business expansion loan is an extended-term loan with rates ranging from 9.99% - 36%, terms of 18 to 24 months, multiple payment options, and loan sizes up to $250,000. It’s large-scale growth capital if you're looking to invest in bigger projects, with the same speed and simplicity LVRG is known for.

Business Cash Advance - If your business needs cash quickly and has a readily ascertainable history of credit card receipts, or a constant flow of cash deposits, a business cash advance may provide the funding you require. A business cash advance can provide small business owners with an upfront fixed amount of cash in as little as 24 hours. Business cash advance is a great option for small business owners who may not have strong credit but have lots of credit card activity, or cash deposits and need financing quickly.