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How Lendora works

  • Merchant Cash Advance products are small business loans of $5K – $500K offered to eligible businesses that accept Credit Cards. These loans are offered in 6, 12, and 18 month terms and are unsecured by business assets.

  • To be eligible for a Merchant Cash Advance, your business must:

    • Accept major Credit Cards (Visa, Master Card, American Express, Discover)
    • Have a minimum of $100,000 in annual business revenue
    • Have a minimum of $10,000 in monthly credit and debit receivables
    • Have been in business for at least 12 months (we will consider strong applicants with less than 12 months on a case by case basis)

    Please note that not all industries will be eligible for Merchant Cash Advances.

  • Because a Merchant Cash Advance is a commercial loan, proceeds may only be used for business purposes. In addition, these funds may not be used to pay dividends to principals, to purchase real estate or fund construction, or for personal, family or household purposes.

  • Along with your basic contact information, you will be asked to provide the following when you apply:

    • Tax ID Number
    • Total Annual Credit & Debit Card Receivables
    • Credit Card Processor Name and Number
    • Total Annual Business Revenue
    • Social Security Number
    • Date of Birth
    • Copy of Driver’s License
    • Copy of voided check for the business account where the money will be deposited and ACH’d
    • Percentage of Ownership
    • Type of Business Entity
    • 3 most recent months Business Bank Statements
    • Business Bank Account Details (bank name, routing number, account number)

    You may be asked to provide additional details and documentation depending on your loan amount and repayment plan. A few examples are: additional bank statements, or monthly statements from processors, personal credit score and proof of ownership.

  • Pre-approval means your business is qualified and meets our preliminary approval requirements, but it doesn’t guarantee final approval. Approval of your application is subject to there being no material changes to the financial condition or creditworthiness of you and/or your business, fraud review and other conditions.

  • For loans > $35K and ≤ $500K, we offer 6-month, 12-month, or 18-month terms, and for loans ≤ $35K, we offer 6-12 month terms. Your repayment options will be determined following a review of the information you provide when you apply.

  • No. It’s not a bank loan, in fact, it’s not a loan at all. It is literally a purchase of your future receivables from your merchant processing sales.

  • We will typically offer between 125-200% of your average monthly credit card sales. On the first advance we extend you it can be closer to 125%, particularly with those who have poor credit. However, once we establish a credit relationship with you, that percentage increases. E.g. If you’re making $50,000 a month in credit card sales and it’s your first merchant cash advance with Lendora, we would offer you roughly $75,000.


Lendora Rates

  • A fixed fee is a percentage of your loan amount and is repaid automatically over the course of your term as part of your total repayment. With a Merchant Cash Advance, there’s no interest rate or variable APR.

  • Your fixed fee is determined by Lendora and is based on the creditworthiness of your business and other factors, including your processing arrangements, referral source, and the length of your term.



  • We do our best to disburse funds as quickly as possible. After completing their application, most approved merchants receive funds within 1 business day or same day if completion is prior to 4:15pm EST.

  • Your funds will be direct deposited in one lump sum into the business bank account into which you receive settlements for your credit and debit card transactions.



  • A fixed amount will be automatically debited from your business bank account(s) each business day until your loan is fully paid off. Fees for insufficient funds may apply.

  • Anywhere from 6-18 months typically, depending on the amount of the advance and a few of other variables such as length of time in business or number of active Merchant Cash Advances.

  • Yes; there are no pre-payment penalties for repaying early. In fact, your business could qualify for a rebate on your fixed fee so long as there’s been no default on your loan.



  • You may be eligible to apply for more money once you’ve repaid at least 50% of your loan.

    To apply for a renewal, please call a Merchant Cash Advance Specialist at 855-536-3672, Monday through Friday, 8am – 6pm PST.

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