3. However, at LendC, we make things a
lot easier for you as our funding
partners do not make their loaning
decisions based on personal credit, but
rather they make these decisions
based on your business revenue. This
allows funding for your business to
occur as soon as 24 hours, and the
funds ready in as soon as a few days.
4. Another option offered by LendC’s funding partners is merchant
cash advance. This form of loan allows businesses to access money
for their unexpected expenses, expansions or for any future
operations. Cash Advance is not a loan. It is a sale agreement
between the financial organization and the client where the client
agrees to receive a certain amount of money and in return the
financer gets a portion of the businesses’ future debit or credit
card sales. For example, the financer may pay $15,000 up front
for the right to get paid $20,000 in return.
The benefits of Merchant Cash Advance when compared to
traditional bank loans are as follows:
Easy Application
Collections Based on Revenue
Seamless Collections Process
No Collateral or Credit at Stake
Faster Access to Cash
Higher Approval Rates