BUSINESS LOANS AND MERCHANT
CASH ADVANCES
We live in a world where small businesses have a hard time getting
loans from banks. This is why LendC gives you access to two types of
funding: Business Loans and Merchant Cash Advance.
Business Loans
A business cash advance involves an agreement between a business
and a financial organization, like LendC’s funding partners, to lend
money. The best way for a business to raise their capitals is to borrow
money. This allows them to finance the purchase of assets and fund
their business’s various operations.
However, at LendC, we make things a lot easier for you as our funding
partners do not make their loaning decisions based on personal credit,
but rather they make these decisions based on your business revenue.
This allows funding for yougr business to occur as soon as 24 hours, and
the funds ready in as soon as a few days.
Merchant Cash Advance
Another option offered by LendC’s funding partners is merchant cash
advance. This form of loan allows businesses to access money for their
unexpected expenses, expansions or for any future operations. Cash
Advance is not a loan. It is a sale agreement between the financial
organization and the client where the client agrees to receive a certain
amount of money and in return the financer gets a portion of the
businesses’ future debit or credit card sales. For example, the financer
may pay $15,000 up front for the right to get paid $20,000 in return.
The benefits of Merchant Cash Advance when compared to
traditional bank loans are as follows:
Easy Application
Collections Based on Revenue
Seamless Collections Process
No Collateral or Credit at Stake
Faster Access to Cash
Higher Approval Rates
Merchant cash advance is the best way for small business owners to
finance their business’s capital in order for them to grow. At LendC, we
make sure that you are not underwritten in the way banks have been
traditionally doing for a long time. Instead, we look at your business
and at the different aspects of your company, such as the monthly
income, how long have you been running the business and more
importantly the revenue generated through credit card sales.
This way, the funder gets repaid directly and how they get repaid is
directly linked with the rising and falling tides of your business’
revenue.