What is a merchant cash advance?
A Merchant Cash Advance is a financing option for small businesses in which some of your business's future sales are purchased for a lump sum today. It is repaid via a percentage of your future sales.
What does that mean to me?
You can get immediate access to working capital without the strict criteria of a business loan.
How can I use the funds to expand my business?
Ultimately, it is up to you! We put no restrictions on what you use the loan or advance for.
Who do I call for immediate assistance?
One of our business specialists would be glad to help you! We are open Monday through Friday from 9 AM to 6 PM (EST). Give us a call now at 1-888-499-2939
How long will it take to receive my funds?
This usually depends on you, and how quickly you can send us the required docuements! It is our goal to get you funded as fast as possible. Typically the process takes 1-2 days but we have funded businesses in as little as 2 hours! Typically the process takes 1-2 days. We understand that your business moves quickly and our goal is to get that cash in your hands as soon as you need it.
If I already have a business loan or advance, will this affect my chance of getting an advance with LCF?
In most cases no! As long as you are still in good standing with your other obligations and can afford payments, we will be happy to assist you in obtaining the capital you need. As every situation is different, please contact one of our business financial consultants today to discuss your options.
How Our Funds Have Been Utilized Before:
♦ Expansion ♦ Working Capital
♦ New Equipment ♦ Repairs
♦ New Machinery ♦ Taxes
♦ Payroll ♦ Restaurant Financing
♦ Growth ♦ Training & Hiring
♦ Marketing ♦ New Locations
♦ Franchise Financing ♦ Advertising
♦ Website Design ♦ Renovations
♦ Facility Upgrades ♦ Partner Buy Outs
♦ Accounts Payable ♦ Technology Upgrades