LVRG Funding: Your Trusted 2nd and 3rd Position Merchant Cash Advance Lender

LVRG Funding: Your Trusted 2nd and 3rd Position Merchant Cash Advance Lender

At LVRG Funding, we pride ourselves on being the leading provider of merchant cash advances, offering unparalleled financial solutions to businesses across the country. With our expertise, commitment, and years of experience in the industry, we confidently assert that LVRG Funding is the best choice for 2nd and 3rd position merchant cash advance lending.

Unmatched Expertise and Experience

Our team at LVRG Funding comprises industry experts who possess a deep understanding of the unique financial challenges faced by businesses. Over the years, we have built a strong reputation for providing personalized funding strategies tailored to individual needs. Our expertise enables us to navigate the complexities of 2nd and 3rd position funding, ensuring that businesses have access to the capital they require.

Flexibility and Customized Solutions

One of the key factors that sets LVRG Funding apart is our ability to offer flexible and customized funding solutions. We understand that every business is unique, and each has its own set of requirements. Our team works closely with our clients to thoroughly assess their financial situation before tailoring a funding option to match their specific needs. This approach allows us to provide capital that aligns with the diverse objectives and circumstances of our clients.

Competitive Rates and Optimized Terms

We recognize the importance of providing our clients with fair and transparent funding arrangements. At LVRG Funding, our rates and terms are designed to be highly competitive, ensuring that businesses can benefit from our services without the burden of excessive costs. Our team is dedicated to optimizing the terms and conditions of our funding agreements, aiming to empower businesses and enable their growth.

Speed and Efficiency

Time is crucial for businesses, especially when urgent capital is required. LVRG Funding fully understands this requirement and prides itself on its expedited processes. Our streamlined application and approval process ensures that businesses can access the funding they need quickly and efficiently. Rapid access to capital can help companies seize opportunities, meet unexpected expenses, or deal with financial emergencies effectively.

Exceptional Customer Support

Providing unmatched customer support is a core value at LVRG Funding. Our team of dedicated professionals is committed to assisting clients at every step of the funding process. We believe in building long-term relationships with our clients, and our exceptional customer support ensures that our clients receive the attention and service they deserve.

Trust LVRG Funding for Your 2nd and 3rd Position Merchant Cash Advances

When it comes to 2nd and 3rd position merchant cash advances, LVRG Funding stands head and shoulders above the competition. Our unmatched expertise, flexibility, competitive rates, speed, and exceptional customer support make us the preferred choice for businesses seeking reliable financial solutions. Contact LVRG Funding today and experience the difference firsthand.

Merchant Cash Advance - A Simple, Quick Way To Grow Your Business

If your business needs cash quickly and has a readily ascertainable history of credit card receipts, or a constant flow of cash deposits, a Merchant Cash Advance "MCA" may provide the funding you require.

A Merchant Cash Advance can provide small business owners with an upfront fixed amount of cash in as little as 24 hours. The funding amount is based upon a percentage of the businesses credit card receivables or daily cash balances using historical credit card receipts and bank statements to determine the initial advance. The business pays back the advance, plus a percentage, often referred to as a discount factor, from a portion of their credit card receivables or cash available plus a percentage which is often referred to as a discount factor. The remittances are drawn from the business customer on a daily, or weekly basis until the obligation has been met. MCA's are great options for small business owners who may not have strong credit but have lots of credit card activity, or cash deposits and need financing quickly.

One of the greatest benefits of a Merchant Cash Advance is that the funds can be used for a host of business expenses. There are typically no restrictions on how you choose to use your Merchant Cash Advance, however some of the more typical uses of an MCA include:

• Buying equipment – Could a new computer, desk, telephone, cash register or software come in handy? Money to pay for the purchase of necessary business equipment could help boost your profits. And if this cash isn’t readily available in your account, a Merchant Cash Advance can provide you with these funds.
• Paying employees – Instead of running your business like a one-man show, a few extra hands could really help. Spending borrowed money on employee’s salaries can be the answer rather than disrupting your cash flow to cover this expense.
• Purchasing inventory – One of the most common uses for a Merchant Cash Advance is buying inventory. It takes products in stock to make business profitable, so it only makes sense to invest in enough inventory to make sure you always have enough to sell to clients.
• Expanding the business – If your business is experiencing some success, you might want to start thinking about taking things to the next level. A lump sum of cash might be just what you need to get business booming.

The biggest advantage to an MCA is the speed at which providers can fund the advance. LVRG Funding is able to provide small business owners up to $1 Million in as little as 24 hours and credit is not a factor. The speed of the funding can allow a business to react quickly if there is a specific funding need. It may be an equipment purchase, increasing staff, inventory purchase or repairs needed. The underwriting process is expedited because many of the items that traditional banks and lenders review are not required for an MCA.

Repeat funding is also prevalent in the MCA world. Once a small business owner pays down half of the original advance, additional funding may be offered. So what are you waiting for? Apply today for a small business financing solution from LVRG!

Think a Merchant Cash Advance is Bad for Business? Think Again...

Among business analysts, lenders and small business owners alike, there’s continued controversy over the value and potential risks of a little understood lending alternative called the merchant cash advance. Merchant cash advances may also be referred to as: Same Day Small Business Financing, Merchant Cash Advance Loans, Business Cash Advance, Unsecured Business Loans, Merchant Money Advancement, Merchant Cash Financing, No Interest Merchant Loans, Unsecured Business Loans, Business Cash Advances, Merchant Cash Advance Loans and Merchant Loans. While this quick capital option continues to be shrouded in negative speculation, an increasing number of business owners seem to be availing themselves of a merchant cash advance, and with good results. So just what is a merchant cash advance, and how did it get such a bad reputation? Let’s break down the facts:

In a nutshell, A Merchant Cash Advance (MCA) can provide business borrowers with an upfront fixed amount of cash in as little as 24 hours. The funding amount is based upon a percentage of the businesses credit card receivables or daily cash balances using historical credit card receipts and bank statements to determine the initial advance. The business pays back the advance, plus a percentage, often referred to as a discount factor, from a portion of their credit card receivables or cash available plus a percentage which is often referred to as a discount factor. The remittances are drawn from the business customer on a daily, weekly or monthly basis until the obligation has been met. An MCA is not technically a small business loan and as such MCA's are not limited in what rates they charge or what terms they establish and therefore often have high interest rates. For this reason it is very important for a business owner to be completely aware of how the MCA product works and how it could affect their business. MCA's are good options for small business owners who may not have strong credit but have lots of credit card activity and need financing quickly.

The MCA business has grown tremendously since 2007, when the recession led banks to cease lending to small businesses almost completely. As with many business phenomenons, the potential of this unregulated profit source encouraged a few irresponsible providers to advance as much capital as possible, regardless of borrowers’ demonstrated ability to repay. These deceitful lenders held business owners to exorbitant interest rates and used contracts riddled with vague clauses and hidden fees.

At the height of the financial crisis, the unregulated nature of the MCA business left many saying “Thanks, but no thanks.” But since then, industry competition has led to tremendous downward pressure on interest rates and improvements to quality regulation.

Simply put, for small businesses who need cash immediately and don’t qualify for a traditional loan, an MCA could be a lifesaver. Despite the controversy, here are a few reasons this lending alternative deserves a second chance:

Fast access to cash

Cash advance applications typically require less paperwork and have faster turnarounds than traditional loans. In fact, LVRG is able to transfer lump sum capital in as little as a day in some cases, which can be lifesaving for a business with an unexpected cash flow emergency.

A good option for bad credit

Merchant cash advances biggest advantage as a loan product is that it opens up a channel for business owners with bad credit to get liquid cash. Additionally, the customer’s credit score isn’t as important as their future sales projections, given that the provider is paid back through a percentage of daily credit card sales.”

Flexible return payment

With a traditional loan, the same minimum payment on principal and interest is due month to month, regardless of whether business is in a slump. This can be a big challenge for seasonal businesses that don’t have a regular cash flow. But because a merchant cash advance is repaid through a fixed percentage of daily sales, borrowers have the flexibility to repay more when sales volume is high and less during slower sales periods.

No collateral required

If an entrepreneur doesn’t have significant personal assets to leverage, traditional bank loans can be almost impossible to obtain. And even for business owners who do have significant home equity or other assets to be used for collateral, the risk that entails doesn’t always sit well. One benefit of the MCA model for borrowers is that no collateral is required, meaning if the business fails, the provider has little recourse to collect.

Our expert funding advisors are ready to learn about your business needs to determine if a Merchant Cash Advance is right for you and your business. Call us toll free at (855) 998-5874 or click below. 

How Merchant Cash Advances Differ From Small Business Loans

Merchant cash advances are classified as commercial transactions, not loans. Here are the distinguishing characteristics of merchant cash advances:

No Fixed Terms. Providers estimate the term for repayment based on the business’ sales history. The customer is charged a set fee, referred to as a factor rate and there are no interest charges.

Cash Advances Are Unsecured. The provider does not receive any collateral or guarantees, accepting all risk of the client going out of business.

Minimal Documentation. Often, a client can simply provide six months of processing statements, two months of bank statements, a copy of a mortgage statement or property lease, and a driver’s license.

No Fees. There are no late fees or penalties attached to the product.

Fast Approval and Funding. Most cash advance providers can approve and fund an application in 2-7 days, LVRG can get you funded in less than 1.

Daily Repayment. This varies according to the volume of the merchant, and changes according to the business cycle. The provider receives a set percentage or amount of the merchant’s daily card settlement batch.

Want to see if a Merchant Cash Advance is right for your business?