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Your business is not a “one size fits all” endeavor, so why settle for “one size fits all” financing? Our Partners are a diverse and flexible group that we have assembled to give your business the advantage of making the right choice for financing, not just the best available choice.

ACH Cash Flow Loan

ACH Cash Flow Loan

Advantages: Requires only 3 months in business, fast turnaround, minimal
paperwork, viable for poor credit scores, great potential as a bridge loan.

Cash flow loans are based upon your revenue and bank deposits. The lender will then debit your business bank account Monday through Friday for a small, fixed daily payment.

Cash flow loans are optimal for businesses that have strong monthly revenue and cash flow, but would be declined by traditional lenders due to short time in business, a less than perfect credit score, or lack of collateral.

Disadvantages: Higher cost, shorter terms.

Asset Based Loan (ABL)

Advantages: Extremely fast access to capital, no credit check, simple terms.

Asset-based loans cover everything from machinery and equipment to personal assets. These loans are similar in structure to a pawn loan. High value assets such as jewelry, watches, or exotic cars serve as collateral for business owners who need fast access to cash. This option is good for business owners who have been turned down for most other forms of capital, as this financing produces quick cash – but at a premium.

Disadvantages: The ease of this financing is balanced by the very high interest
rates that are charged. The borrower also must physically provide the asset to
the lender for the duration of the loan.

Business Credit Cards

Advantages: Low introductory rates, no time in business requirement, structured
as a line of credit where you may only use what you need.

Many business owners are unaware of the ability to utilize credit cards in order to invest in their business. This can be a great option for business owners with a credit score of 620 or higher. Interest rates start between 0-4{f7723f9bd5e458850b964021e5afbe9c332de97ef3168afe5af7baa44652ffa8} for 6 months and may increase to -18{f7723f9bd5e458850b964021e5afbe9c332de97ef3168afe5af7baa44652ffa8} after that period. These rates are quite comparable to traditional business loans. You may even be able to advance cash from those credit cards in order to meet your financing needs.

Disadvantages: Higher costs, additional costs for cash advance.

Equipment Leasing

Advantages: Equipment can be accessed and utilized immediately, purchase
option available.

Equipment leasing allows business owners to improve their businesses by accessing necessary equipment and machinery that can be used to expand your business or make it more profitable. The lender purchases the equipment on your behalf, then rents it to you for a monthly rate. At the end of the lease, the equipment can be purchased for market value, the lease can continue, or the equipment can be returned to the lender.

Disadvantages: Collateral required.

Factoring (AR/PO)

Advantages: Short turnaround time, burden of collecting on invoice is on Factor.

By definition, factoring is not a loan. Factoring involves the purchase of a businesses’ Accounts Receivable or specific Purchase Order at a discount. In exchange for that discount, the Factor gives the business owner an agreed upon percentage of the Accounts Receivable or Purchase Order up front. After the Factor has collected the remaining balance on the AR or PO, the remaining balance (less the agreed-upon amount paid to the factor) is distributed to the business owner. Many Factors specialize in certain industries.

Disadvantages: The small business owner is often held responsible for paying
the invoice should the customer fail to pay.

Line of Credit (LOC)

Advantages: Interest is only charged on the amount of funds that are used.

Due to their flexible nature, a line of credit is a popular small business financing option. A line of credit is a source of funds that the small business owner can draw against as needed, unlike a term loan.

Disadvantages: The line can be cancelled or amended at the discretion of the
lender.

Merchant Cash Advance (MCA)

Advantages: Only 4 months in business required, fast process, minimal
paperwork, accessible to all credit scores, functions well as a bridge loan, no
penalty for early repayment.

Merchant Cash Advance (MCA) is a type of funding that leverages your credit card transactions. Your future credit card sales are purchased at a discount by the Funder, and the Funder is repaid by taking a percentage of each credit card transaction that you process. That makes MCAs quite flexible as the amount repaid adjusts with your sales volume – meaning you won’t be burdened with a fixed payment during slow times.

Disadvantages: Higher cost, shorter repayment terms.

Merchant Processing

Every bit of extra capital available to a small business helps – that is why LCS offers merchant processing services. Our goal is to lower your merchant fees and surcharges. Whether you swipe, type or scan payment information, we help more of that money go towards profit instead of fees. We have a direct relationship with the most cost effective and high value credit card processors, which enables us to access wholesale rates on behalf of your business.

  • On Demand rate analysis
  • Next day deposits available
  • Pay less per swipe, get rid of minimums for card transactions
  • 24/7 customer service and loyalty programs
  • Industry leading interchange rates
  • PCI compliant terminals

Term Loan

Advantages: Low interest rates and predictable terms and payments.

When business owners think of business financing, they most often envision traditional term loans. These loans are repaid in regular payments over a specific time period. Approval amounts and payment terms vary based upon the creditworthiness of the borrower.

Disadvantages: Only available to borrowers with strong credit scores.

Unsecured Term Loan

Advantages: No collateral required, 2-4 year terms, large approval amounts.

Some businesses owners don’t have collateral, and some who do don’t want to pledge those assets in order to secure financing. SBA loans have strict requirements that many borrowers cannot meet. Those borrowers often benefit from unsecured term loans. Since these loans are higher risk for the lender, the cost is slightly higher. These loans are a great option for growing businesses who have a strong track record and are ready to progress.

Disadvantages: At least 2 years in business, rate is higher than traditional SBA
loans.

ACH Cash Flow Loan

Advantages: Requires only 3 months in business, fast turnaround, minimal
paperwork, viable for poor credit scores, great potential as a bridge loan.

Cash flow loans are based upon your revenue and bank deposits. The lender will then debit your business bank account Monday through Friday for a small, fixed daily payment.

Cash flow loans are optimal for businesses that have strong monthly revenue and cash flow, but would be declined by traditional lenders due to short time in business, a less than perfect credit score, or lack of collateral.

Disadvantages: Higher cost, shorter terms.

Asset Based Loan (ABL)

Advantages: Extremely fast access to capital, no credit check, simple terms.

Asset-based loans cover everything from machinery and equipment to personal assets. These loans are similar in structure to a pawn loan. High value assets such as jewelry, watches, or exotic cars serve as collateral for business owners who need fast access to cash. This option is good for business owners who have been turned down for most other forms of capital, as this financing produces quick cash – but at a premium.

Disadvantages: The ease of this financing is balanced by the very high interest
rates that are charged. The borrower also must physically provide the asset to
the lender for the duration of the loan.

Business Credit Cards

Advantages: Low introductory rates, no time in business requirement, structured
as a line of credit where you may only use what you need.

Many business owners are unaware of the ability to utilize credit cards in order to invest in their business. This can be a great option for business owners with a credit score of 620 or higher. Interest rates start between 0-4{f7723f9bd5e458850b964021e5afbe9c332de97ef3168afe5af7baa44652ffa8} for 6 months and may increase to -18{f7723f9bd5e458850b964021e5afbe9c332de97ef3168afe5af7baa44652ffa8} after that period. These rates are quite comparable to traditional business loans. You may even be able to advance cash from those credit cards in order to meet your financing needs.

Disadvantages: Higher costs, additional costs for cash advance.

Equipment Leasing

Advantages: Equipment can be accessed and utilized immediately, purchase
option available.

Equipment leasing allows business owners to improve their businesses by accessing necessary equipment and machinery that can be used to expand your business or make it more profitable. The lender purchases the equipment on your behalf, then rents it to you for a monthly rate. At the end of the lease, the equipment can be purchased for market value, the lease can continue, or the equipment can be returned to the lender.

Disadvantages: Collateral required.

Factoring (AR/PO)

Advantages: Short turnaround time, burden of collecting on invoice is on Factor.

By definition, factoring is not a loan. Factoring involves the purchase of a businesses’ Accounts Receivable or specific Purchase Order at a discount. In exchange for that discount, the Factor gives the business owner an agreed upon percentage of the Accounts Receivable or Purchase Order up front. After the Factor has collected the remaining balance on the AR or PO, the remaining balance (less the agreed-upon amount paid to the factor) is distributed to the business owner. Many Factors specialize in certain industries.

Disadvantages: The small business owner is often held responsible for paying
the invoice should the customer fail to pay.

Line of Credit (LOC)

Advantages: Interest is only charged on the amount of funds that are used.

Due to their flexible nature, a line of credit is a popular small business financing option. A line of credit is a source of funds that the small business owner can draw against as needed, unlike a term loan.

Disadvantages: The line can be cancelled or amended at the discretion of the
lender.

Merchant Cash Advance (MCA)

Advantages: Only 4 months in business required, fast process, minimal
paperwork, accessible to all credit scores, functions well as a bridge loan, no
penalty for early repayment.

Merchant Cash Advance (MCA) is a type of funding that leverages your credit card transactions. Your future credit card sales are purchased at a discount by the Funder, and the Funder is repaid by taking a percentage of each credit card transaction that you process. That makes MCAs quite flexible as the amount repaid adjusts with your sales volume – meaning you won’t be burdened with a fixed payment during slow times.

Disadvantages: Higher cost, shorter repayment terms.

Merchant Processing

Every bit of extra capital available to a small business helps – that is why LCS offers merchant processing services. Our goal is to lower your merchant fees and surcharges. Whether you swipe, type or scan payment information, we help more of that money go towards profit instead of fees. We have a direct relationship with the most cost effective and high value credit card processors, which enables us to access wholesale rates on behalf of your business.

  • On Demand rate analysis
  • Next day deposits available
  • Pay less per swipe, get rid of minimums for card transactions
  • 24/7 customer service and loyalty programs
  • Industry leading interchange rates
  • PCI compliant terminals

Term Loan

Advantages: Low interest rates and predictable terms and payments.

When business owners think of business financing, they most often envision traditional term loans. These loans are repaid in regular payments over a specific time period. Approval amounts and payment terms vary based upon the creditworthiness of the borrower.

Disadvantages: Only available to borrowers with strong credit scores.

Unsecured Term Loan

Advantages: No collateral required, 2-4 year terms, large approval amounts.

Some businesses owners don’t have collateral, and some who do don’t want to pledge those assets in order to secure financing. SBA loans have strict requirements that many borrowers cannot meet. Those borrowers often benefit from unsecured term loans. Since these loans are higher risk for the lender, the cost is slightly higher. These loans are a great option for growing businesses who have a strong track record and are ready to progress.

Disadvantages: At least 2 years in business, rate is higher than traditional SBA
loans.

 

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