Other Financing Options

LendSpark is not your traditional loan broker. We work with business owners as their adviser to find the right funding solution that works for their business.

In addition to equipment financing, working capital loans, and SBA Loans, we also can provide the following lending options:

  • Merchant Cash Advances
  • Factoring
  • Asset Based Lending
  • Startup Financing

What is a Merchant Cash Advance?

A Merchant Cash Advance (MCA) is a lump sum payment to a business in exchange for an agreed upon percentage of future credit card and debit card sales. These Merchant Cash Advances are not loans – they are a sale of a portion of future credit and/or debit card sales.

What are the Benefits of Cash Advances?

  • Same Day Approvals
  • Funding up to $500,000 in as little as 1-2 Days
  • Flexible Payback Periods of 3-18 Months
  • Multiple Payback Options – Fixed Daily Payment, % of Daily Merchant Deposits via Split Payment, % of Daily Sales via ACH
  • Funds Can Be Used for Any Business Purpose
  • Almost All Business Types and Industries Can Qualify
  • Fast Approvals – Often Same Business Day Less Documentation and Faster Funding than Other Options

What is Invoice Factoring?

Receivables funding (accounts receivable financing) improves your cash flow by providing an immediate advance of cash against the value of your outstanding invoices. Accounts receivable funding is not a loan; it’s an advance against your customers’ invoices in order to secure immediate working capital.

What are the Benefits of Factoring?

  • It’s a flexible funding program that increases as you increase your sales
  • It gives your business and increase in working capital without borrowing money, giving up equity or tying up your business (or personal) assets.
  • It allows you to take advantage of vendor discounts and extend credit to customers on large orders.
  • This allows your business to consistently meet increasing demand.
  • Access funds for payroll, taxes, equipment or inventory

What is Asset-Based Lending?

Asset-Based Lending is financing that is secured or collateralized with one or more business assets (inventory, accounts receivable, machinery, equipment, etc.). It utilizes the value of these business assets to provide loans from $250K – $10M+. Many small businesses don’t understand the sheer extent to which they can leverage their business assets and cash flow to maximize funding amounts. LendSpark’s Asset-Based loan solution offers an alternative (or additional) financing option to traditional bank lines-of-credit or term loans for businesses that need additional funding.

What are the Benefits of Asset-Based Loans?

  • Flexible and Affordable Loan Structures
  • Maximum Availability of Funds from Collateral/Assets
  • Funds Available to Companies with All Credit Types
  • Focus on Collateral instead of Credit-worthiness
  • Funding Much Faster Than Bank Financing

What is Start-Up Financing?

LendSpark’s start-up financing program connects entrepreneurs and small business owners with up to $150,000+ in Unsecured Business Lines of Credit. This program can provide you with funding in as little as 10 days and is offered with 0% interest financing for the first 6-18 months.

What are the Benefits of Start-Up Financing?

  • The funds can be used for Any Purpose
  • The funds are available for All Industries
  • The Unsecured Business Lines don’t report to Personal Credit
  • Unsecured Start-Up Financing gives your business an increase in working capital without giving up equity or tying up your business (or personal) assets.
  • It allows you to take advantage of vendor discounts and extend credit to customers on large orders.