Business Loans / Advances

Four Unique Funding Options for Your Business


The LendVantage network of funding partners can help you capitalize on the strength of your business, with four different financial products that reflect the cash flow and overall financial strength of your business.

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Business Term Loan

A business term loan with a set maturity date and a potentially low fixed cost of repayment. Daily (Monday-Friday) or weekly payments are based on your business' financial strength and revenue. Is this right for my business?

  • Amount:
  • $5,000 to $250,000
  • Term:
  • 4 to 24 months
  • Repayment:
  • Automatically repay the same amount daily (Monday-Friday) or weekly. No payments on weekends or holidays.
See an Example of a Business Term Loan
  • Smith's Construction Example*

    Ted has secured several new lucrative contracts. He needs funding to purchase raw materials to complete the projects.

    • Applied online on Wednesday
    • Approved the same day
    • Funded the following Monday
  • Loan for Smith's Construction
    • Amount:
    • $100,000
    • Term:
    • 18 Months
    • Weekday Payment:
    • $333
    • Total Repayment:
    • $130,000
    • Est. Revenue Increase:
    • $300,000
    They can now complete 10 new contracts at an average of $30,000 per project.

*Please note that the examples provided are for informational purposes only. Actual loan/advance terms, repayment amounts and revenue increases will vary based on every business's individual circumstances.

Advantages
  • Pre-approval in minutes
  • No personal collateral
  • Lower borrowing cost
  • Fixed payments and term

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Revenue-Based Financing

Your business receives an immediate infusion of capital in exchange for portion of future business revenue at a fixed cost. Designed primarily for business that invoice their customers, and the best product for seasonal businesses. Is this right for my business?

  • Amount:
  • $5,000 to $250,000
  • Term:
  • 4 to 18 months
  • Repayment:
  • A fixed amount automatically repaid Monday-Friday. May be adjusted every two weeks based on fluctuations in revenue.
See an Example of Revenue-Based Financing
  • Harris Landscaping Example*

    Joe's landscaping business is ready for a busy spring season. He needs to upgrade his equipment and hire an additional worker.

    • Applied via phone on Thursday
    • Approved on Friday
    • Funded the following Tuesday
  • Financing for Harris Landscaping
    • Amount:
    • $30,000
    • Term:
    • 10 Months
    • Weekday Payment:
    • $202.50
    • Total Repayment:
    • $40,500
    • Est. Revenue Increase:
    • $90,000/year
    The new equipment and additional employee lead to 25% more job capacity.

*Please note that the examples provided are for informational purposes only. Actual loan/advance terms, repayment amounts and revenue increases will vary based on every business's individual circumstances.

Advantages
  • Pre-qualify in minutes
  • No personal collateral
  • Payments adjust with cash flow
  • Term varies based on revenue

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Merchant Cash Advance

Your business receives cash in exchange for a portion of future credit/debit card sales at a fixed cost. Business cash advances are designed for businesses that have significant credit/debit card sales. Is this right for my business?

  • Amount:
  • $5,000 to $100,000
  • Term:
  • No set term;
    Avg. 6-8 month payback
  • Repayment:
  • A negotiated percentage (typically 8-10%) is automatically repaid from your daily credit/debit card sales Monday-Friday.
See an Example of a Merchant Cash Advance
  • Sally's Friendly Cafe Example*

    Sally is looking to expand by adding a new outdoor patio. To be ready by spring construction needs to happen fast.

    • Applied online on Monday
    • Approved on Tuesday
    • Funded on Friday
  • Advance for Sally's Friendly Cafe
    • Amount:
    • $25,000
    • Term:
    • No set term:
      Est. 6-7 Months
    • Weekday Payment:
    • $225.00
    • Total Repayment:
    • $33,500
    • Est. Revenue Increase:
    • $135,000/year
    The Cafe's capacity increases by 50% during the Spring and Summer.

*Please note that the examples provided are for informational purposes only. Actual loan/advance terms, repayment amounts and revenue increases will vary based on every business's individual circumstances.

Advantages
  • Pre-qualify in minutes
  • Receive funds fast
  • Flexible repayment based on sales
  • Flexible term

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Business Line of Credit

A line of credit that you can draw against as often as once a day for anything your business needs to grow. Pay for only what you take; no early payment fees. Is this right for my business?

  • Amount:
  • $2,000 to $100,000
  • Term:
  • 6 months per draw
  • Repayment:
  • Monthly payments with fees of 1-13.5% (typically 4-5%) of the loan amount for the first two months and 1% for the remaining four months.
See an Example of a Business Line of Credit
  • Gift Baskets Galore Example*

    Laura needs access to funds periodically for inventory and seasonal increases in demand but she doesn't want a loan.

    • Applied online at 2:00pm
    • Approved at 2:05pm
    • Funded at 2:12pm
  • Line of Credit for Gift Baskets Galore
    • Amount:
    • $10,000
    • Term:
    • 6 months per draw
    • Monthly Payment:
    • $2,066.67 first two months
      $1,766.67 last four months
    • Total Repayment:
    • $11,200
    • Est. Revenue Increase:
    • $8,000
    Gift basket sales go up 10% during the holiday season and on Mother's Day.

*Please note that the examples provided are for informational purposes only. Actual loan/advance terms, repayment amounts and revenue increases will vary based on every business's individual circumstances.

Advantages
  • Funding in as few as 7 minutes
  • No personal collateral
  • Pay for only what you take
  • No early payment penalty

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Small Business Bank Financing is Unlikely!
Providing Funding Options When Banks Won't Lend

Traditional bank financing offers the promise of longer repayment terms and the potential for lower costs, but banks have made it almost impossible for small businesses to qualify. A traditional business loan from a bank is simply out of reach for most small businesses. Even if you have perfect credit, you are often required to personally guarantee the loan.

And the bank loan application, approval and funding process is slow and burdensome, with requirements for extensive financial records. The resulting delays and uncertainty lead to missed opportunities for your business.

LendVantage understands that a healthy business needs to be nimble, with quick access to capital. When opportunity knocks, your business can't wait for a traditional bank to open the door for you. Your business requires a financing option that is available when you need it. That's the LendVantage network.

LendVantage vs. Traditional Bank Options
  • Minimal paperwork
  • Pre-approval in minutes
  • No personal collateral
  • Available to many small businesses
  • Receive funding in days
  • Flexible repayment terms
  • Traditional Bank Options
  • Extensive documentation required
  • Approval can take weeks/months
  • Collateral is usually required
  • Not available to most small businesses
  • Funding may take months
  • Fixed repayment terms
"Trustworthy borrowers... are having an unreasonably difficult time getting loans from banks."
Brock Blake October 21, 2013
Joshua Brustein December 11, 2013
"Great Recession of 2008: Banks tighten up credit requirements, get rid of loan products, and many were shut down. Traditional lenders began to 'move upstream' and only focus on 'A-credit' small businesses (those with a credit profile so strong that they didn't really need a loan)."
"...banks don't see big profits in providing small business loans. Community banks, traditionally a big provider of small business loans, have pulled back."
Phyllis Furman May 12, 2014