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Business Loans

Why Take Out a Business Loan with Leasing Resources?

Leasing Resources, Inc. provides a wide range of small business financing options even when your credit is less than perfect. We offer working capital loans, business expansion loans and merchant cash advances. Other products — business lines of credit, Small Business Association (SBA) loans, and invoice factoring — are also available through our funding partnerships.

We tailor our business loans to fit your unique business needs:

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Working Capital: If you’re looking for a short-term loan to cover regular business operating expenses like payroll, utilities or supplies, a working capital loan might be right for you. Seasonal businesses and startup ventures often need injections of cash to sustain the ebb and flow of incoming cash from customers. Retail, travel and hospitality are typical working capital clients for Leasing Resources but any industry is vulnerable to periodic shifts in buyer behavior. All industries are welcome here.

Business Expansion: If you have business projects, such as opening a new location or launching a new product line, we can tailor a business expansion loan with a longer term for you. Since these types of projects do not generate revenue in the short term, longer term loans offer lower monthly payments that help to preserve critical cash flow for more immediate business needs such as payroll, insurance and rent.

Merchant Cash Advance: MCA’s differ from business loans as they do not have set monthly payments. Instead, Leasing Resources will take a fixed percentage of your daily or weekly sales. Every time a customer pays you, you’ll owe a portion of that sale. Remittances are either made through your credit card processing company or automatic withdrawal from your business checking account. MCA’s are a great option for those businesses with a high volume of credit card transactions or seasonal sales cycles.

Business Loan Requirements

At Leasing Resources, we recognize that every business is unique. We structure solutions for your business needs based on the following minimum requirements:

WORKING CAPITAL LOANS
  • Minimum credit score required: 500

  • Time in business required: At least six months

  • Monthly revenue required: At least $10,000 on average over the past three months

BUSINESS EXPANSION LOAN
  • Minimum credit score required: 550

  • Time in business required: At least two years

  • Monthly revenue required: At least $15,000 on average over the past three months (including at least $3,000 in average daily balances)

MERCHANT CASH ADVANCE
  • Minimum credit score required: 600

  • Time in business required: At least six months

  • Monthly revenue required: At least $10,000 on average over the past three months