When It Comes to Lending, LVRG Means Business
Why choose LVRG? Over the past twenty years, we have empowered more than 10,000 businesses nationwide, facilitating over $1 billion in small business loans. As a boutique financing company, LVRG acts as both direct lenders and business financing advisors. Our unwavering commitment to integrity, professionalism, and ethical practices sets us apart in a crowded lending landscape.
At LVRG, we focus on providing straightforward and rapid financing solutions for your business, without any marketing tricks, hidden fees, or misleading tactics. Our funding options range from $10,000 to $10,000,000, accommodating various lien positions without credit constraints, and even offering the potential for same-day funding.
If your loan applications have been rejected by traditional banks or other lenders, turn to LVRG. We excel in handling complex financial situations, including those with poor credit histories or businesses in high-risk industries. Our mission is to deliver quick, effective financing solutions to growing businesses across the country. Our business financing options include Cash Flow & Working Capital Financing, Revenue Based Financing, Merchant Cash Advances, SBA Loans, Business Lines of Credit, Business Term Loans, and Asset-Based Lending, such as Accounts Receivable Financing (A/R Factoring), Revolving Inventory Lines of Credit, Government Contract Financing, and Purchase Order Financing.
Our direct lending capabilities, combined with an extensive network of financial partners, ensure we can find the best funding solution tailored to your business's unique needs. Our consistent five-star ratings and positive customer testimonials highlight our leading reputation in the industry. For inquiries, contact us at (855) 998-LVRG, or apply now with no fees, no obligations, and no impact on your credit score. We make accessing essential capital for your business's growth easy and stress-free!
Small Business Funding Solutions
Revenue Based Financing
Revenue based financing allows businesses to obtain capital by pledging a percentage of future revenues. Payments are tied directly to the business's income, making this option flexible and responsive to fluctuations in revenue. This type of financing does not require fixed monthly payments, which can be beneficial for businesses with variable income. It's ideal for companies with strong, predictable revenue streams looking to scale without incurring traditional debt. The application process is usually quick, and approval rates are higher compared to traditional loans. It’s a great option for businesses that may not have significant assets to offer as collateral.
Cash Flow Financing
Cash flow financing provides funds based on the expected future cash flows of a business. It's designed to help businesses manage day-to-day operations and cover short-term needs such as payroll, rent, and inventory purchases. The lender evaluates the company’s cash flow projections to determine the loan amount, ensuring businesses can maintain liquidity without the burden of long-term debt. This type of financing is beneficial for companies that have strong cash flow but may not qualify for traditional bank loans due to lack of collateral or credit history. It helps maintain smooth operations during periods of fluctuating cash flow.
Working Capital Financing
Working capital financing is used to cover a business’s short-term operational needs, such as payroll, rent, and inventory purchases. This type of financing helps businesses manage their immediate expenses and maintain smooth operations, especially during periods of fluctuating cash flow. It’s typically used to bridge the gap between the payment cycle and receivables, ensuring that a business can continue to operate efficiently. This financing can come in the form of a loan, line of credit, or even factoring. It's particularly useful for seasonal businesses or those experiencing rapid growth and needing to finance day-to-day operations.
Merchant Cash Advance
A merchant cash advance provides businesses with upfront capital in exchange for a percentage of future gross revenue. It offers a quick funding solution without the need for collateral. Repayments are made through a fixed percentage of daily sales, making it suitable for businesses with consistent sales. This type of financing is beneficial for businesses that need immediate cash flow but may not qualify for traditional loans due to credit issues or lack of collateral. The application process is usually fast, and funds can be received quickly, often within a few days. It’s ideal for businesses needing short-term funding to cover urgent expenses.
Bad Credit Small Business Loan
Bad credit small business loans are designed for business owners with poor credit histories. These loans typically have higher interest rates and stricter terms to mitigate the lender's risk. They provide necessary funds to businesses that might not qualify for traditional loans, helping them rebuild credit and grow. Despite the higher costs, these loans can be a lifeline for businesses needing immediate capital. They can be used for various purposes such as working capital, equipment purchase, or debt consolidation. By making timely repayments, businesses can improve their credit scores, potentially qualifying for better financing options in the future.
SBA Loans
SBA loans are government-backed loans provided by the Small Business Administration. They offer lower interest rates and longer repayment terms compared to traditional loans. SBA loans are ideal for businesses seeking substantial funding for expansion, equipment purchase, or working capital, with various programs tailored to different needs. The application process can be more rigorous and time-consuming, but the benefits often outweigh the drawbacks. SBA loans also come with additional support and resources from the SBA, helping businesses succeed. They are available to a wide range of businesses, including startups and those with limited collateral.
Business Line of Credit
A business line of credit provides flexible access to funds up to a predetermined limit. Businesses can draw from the line of credit as needed and only pay interest on the amount used. It’s an excellent option for managing cash flow, covering unexpected expenses, or seizing growth opportunities. Unlike a traditional loan, it offers ongoing access to funds, making it ideal for businesses with fluctuating financial needs. The repayment terms can vary, and the line can be renewed annually. It provides a safety net, ensuring that businesses have access to capital when needed without the hassle of reapplying for a loan.
Business Term Loan
A business term loan provides a lump sum of capital upfront, which is repaid over a fixed period with regular payments. It’s suitable for businesses needing a significant amount of funding for specific projects, such as expansion, equipment purchase, or refinancing existing debt. Term loans can have fixed or variable interest rates and can be short-term or long-term, depending on the needs of the business. The application process typically involves detailed financial documentation and a credit check. It offers predictability in repayment, which can help with financial planning. It’s a traditional financing option that can support substantial business investments.
Contract Back Loans
Contract back loans provide funding based on a company's contracts or purchase orders. Lenders use these contracts as collateral to secure the loan, allowing businesses to finance the production or delivery of goods and services. It's ideal for businesses with secured contracts needing immediate capital to start or continue projects. This type of financing ensures that businesses can meet their contractual obligations without straining their cash flow. It can help improve a company's ability to scale operations and take on larger projects. The terms and conditions of these loans are typically tied to the specifics of the contract.
Purchase Order Financing
Purchase order financing helps businesses finance the cost of producing and delivering goods for purchase orders. The lender pays the supplier directly, allowing the business to fulfill large orders without straining cash flow. This option is ideal for companies with growing demand but limited working capital. It bridges the gap between receiving a purchase order and getting paid by the customer. This financing ensures that businesses can meet customer demand and take on larger orders without delay. It’s particularly useful for manufacturers, distributors, and wholesalers who need to manage inventory and production costs.
Accounts Receivable Financing
Accounts receivable financing allows businesses to sell their outstanding invoices to a lender in exchange for immediate cash. This type of financing helps improve cash flow and provides working capital without waiting for customers to pay. It's particularly useful for businesses with long invoice cycles. The lender advances a percentage of the invoice value and takes over the collection process. This reduces the burden of chasing payments and provides businesses with the liquidity they need to operate. It’s a flexible financing option that can be adjusted as the business grows and its accounts receivable increase.
Asset-Based Lending
Asset-based lending provides loans secured by a company's assets, such as inventory, equipment, or accounts receivable. This type of financing offers flexibility and can be used for various purposes, including working capital and growth. It’s suitable for businesses with valuable assets but limited cash flow. The loan amount is based on the value of the assets, providing a borrowing base that can grow with the business. This financing option is often used by companies with significant assets but inconsistent cash flow or those that need to leverage their assets for expansion. It can be tailored to the specific needs of the business.
Government Contract Financing
Government contract financing provides businesses with the capital needed to fulfill government contracts. Lenders advance funds based on the contract’s value, ensuring businesses have the resources to deliver goods or services. This financing option supports companies working with federal, state, or local governments. It helps businesses manage the often lengthy payment cycles associated with government contracts, ensuring they have the necessary working capital to complete projects. It’s ideal for businesses that have secured government contracts but need immediate funding to cover the costs of fulfilling those contracts. This financing helps ensure timely delivery and compliance with contract terms.
Metro Detroit Small Business Loans
Metro Detroit small business loans provide tailored financing solutions for businesses operating in the Detroit metropolitan area. These loans are designed to support local businesses by offering competitive rates, flexible terms, and various loan products such as working capital loans, equipment financing, and expansion funding. Understanding the unique challenges and opportunities in the Metro Detroit area, these loans can help businesses thrive by providing the necessary capital to manage operations, invest in growth opportunities, and navigate the regional economic landscape. They support a wide range of business needs, ensuring local businesses have the financial resources they require.
Michigan Business Loans
Michigan business loans offer financial support to businesses across the state, catering to diverse industries and sizes. These loans come in various forms, including term loans, lines of credit, SBA loans, and specialized financing options. They aim to foster economic growth and development within Michigan by providing access to capital for expansion, equipment purchases, and working capital needs. State programs and collaborations often offer favorable terms, making it easier for businesses to secure funding. Michigan business loans are designed to help businesses succeed in the competitive market, supporting innovation and job creation statewide. They provide crucial support for businesses aiming to expand and thrive.
Frequently Asked Questions (FAQs) for LVRG Business Funding
1. What types of business financing options does LVRG offer? LVRG provides a variety of business financing solutions including Cash Flow & Working Capital Financing, Revenue Based Financing, Merchant Cash Advances, SBA Loans, Business Lines of Credit, Business Term Loans, and Asset-Based Lending such as Accounts Receivable Financing (A/R Factoring), Revolving Inventory Lines of Credit, Government Contract Financing, and Purchase Order Financing.
2. How much funding can I receive from LVRG? LVRG offers funding options ranging from $10,000 to $10,000,000, accommodating various business needs and financial situations.
3. What makes LVRG different from other lenders? LVRG stands out due to our dedication to integrity, professionalism, and ethical practices. We offer straightforward, fast financing solutions without hidden fees or misleading tactics. Our approach ensures businesses get the funding they need quickly and transparently.
4. Can LVRG help businesses with poor credit histories? Yes, LVRG specializes in navigating complex financial scenarios, including those involving poor credit histories or businesses in high-risk industries. We work to find effective financing solutions tailored to your specific needs.
5. How quickly can I receive funding from LVRG? We prioritize fast financing solutions and can potentially offer same-day funding, depending on the specifics of your application and financial situation.
6. What is Revenue Based Financing and how does it work? Revenue Based Financing allows businesses to obtain capital by pledging a percentage of future revenues. Payments are tied to the business’s income, providing flexibility and responsiveness to revenue fluctuations. It’s ideal for companies with strong, predictable revenue streams.
7. What is a Merchant Cash Advance? A Merchant Cash Advance provides businesses with upfront capital in exchange for a percentage of future gross revenue. It offers quick funding without the need for collateral and is suitable for businesses with consistent sales.
8. How does Accounts Receivable Financing (A/R Factoring) work? Accounts Receivable Financing allows businesses to sell their outstanding invoices to a lender in exchange for immediate cash. This helps improve cash flow and provides working capital without waiting for customers to pay.
9. Can LVRG assist with government contract financing? Yes, LVRG offers Government Contract Financing, which provides businesses with the capital needed to fulfill government contracts. This helps manage the often lengthy payment cycles associated with government work, ensuring your business has the necessary working capital.
10. How do I apply for a loan with LVRG? Applying for a loan with LVRG is easy and stress-free. You can contact us at (855) 998-LVRG or apply online with no fees, obligations, and no impact on your credit score. Our process ensures quick access to the capital you need for your business’s growth.
Case Studies of Funded Businesses
Case Study 1: Precision Tool Manufacturing
Business Name: SteelTech Precision Tools
Location: Pittsburgh, Pennsylvania
Industry: Manufacturing
Loan Amount: $600,000
Funding Solution: Revenue Based Financing
Situation: SteelTech Precision Tools, a manufacturer of precision tools, needed capital to upgrade their equipment and enhance production efficiency.
Solution: LVRG provided $600,000 in Revenue Based Financing, allowing the company to access funds quickly and scale their operations without traditional debt.
Growth: With the new equipment, SteelTech Precision Tools increased their production capacity by 30%, leading to higher sales and securing new contracts with major industry players.
Case Study 2: Auto Repair Shop
Business Name: Reliable Auto Repairs
Location: Houston, Texas
Industry: Auto Repair
Loan Amount: $200,000
Funding Solution: Working Capital Loan
Situation: Reliable Auto Repairs needed funds to purchase new diagnostic equipment and hire additional mechanics to meet increasing customer demand.
Solution: LVRG provided a $200,000 Working Capital Loan, enabling the shop to make necessary upgrades and staffing improvements.
Growth: The new equipment and additional staff allowed Reliable Auto Repairs to serve more customers efficiently, resulting in a 25% increase in annual revenue.
Case Study 3: Auto Parts Manufacturer
Business Name: MotorWorks Components
Location: Grand Rapids, Michigan
Industry: Manufacturing
Loan Amount: $4,000,000
Funding Solution: SBA Loan
Situation: MotorWorks Components, an auto parts manufacturer, needed substantial capital to expand their production facility and invest in new machinery.
Solution: LVRG facilitated a $4,000,000 SBA Loan to cover the costs of expansion and equipment upgrades.
Growth: The expanded facility and new machinery increased production capacity by 50%, enabling MotorWorks Components to meet higher demand and secure long-term contracts with major automotive companies.
Case Study 4: Cement Company
Business Name: Michigan Cement Co.
Location: Lansing, Michigan
Industry: Construction
Loan Amount: $250,000
Funding Solution: Business Term Loan
Situation: Michigan Cement Co. needed funds to purchase new mixing trucks and improve their distribution network.
Solution: LVRG provided a $250,000 Business Term Loan, allowing the company to invest in essential equipment and infrastructure.
Growth: With the new trucks and improved distribution network, Michigan Cement Co. increased their delivery efficiency, leading to a 20% increase in annual revenue and expanding their customer base.
Case Study 5: Food Distributor
Business Name: Great Lakes Food Distributors
Location: Detroit, Michigan
Industry: Food Distribution
Loan Amount: $3,000,000
Funding Solution: Revolving Inventory Line of Credit
Situation: Great Lakes Food Distributors required a significant capital infusion to manage inventory for their growing client base.
Solution: LVRG provided a $3,000,000 Revolving Inventory Line of Credit, enabling the distributor to maintain and expand their inventory levels efficiently.
Growth: The improved inventory management allowed Great Lakes Food Distributors to meet increasing demand, resulting in a 40% increase in annual revenue and expanding their market reach.
Case Study 6: Restaurant
Business Name: Lakeside Grill
Location: Traverse City, Michigan
Industry: Restaurant
Loan Amount: $150,000
Funding Solution: Merchant Cash Advance
Situation: Lakeside Grill needed immediate funds to renovate their dining area and upgrade kitchen equipment to enhance the customer experience.
Solution: LVRG provided a $150,000 Merchant Cash Advance, allowing the restaurant to access the necessary capital quickly.
Growth: The renovations and kitchen upgrades attracted more customers, leading to a 30% increase in monthly revenue and solidifying Lakeside Grill's reputation as a top dining destination in the area.