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 from LVRG simply makes sense. Whether you need $15,000 or $500,000 LVRG Funding will provide the financing option that's right for you. Our financing options are tailored to the needs of small and medium-sized businesses, and as a result, 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 from LVRG 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 offered by LVRG 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.