Your business has been operating for 1 year or longer
Has greater than 100,000 in annual revenue
Is registered as a Corporation or Partnership
Evolve Green came to Lending Loop after merchant cash advance funding led to them being stuck in a rut, caught between mandatory daily repayments while still not having the capital they needed to grow.
"Daily repayments just kill you, especially when you’re paid on intervals like us. Lending Loop takes a monthly repayment, which is much easier to plan for and matches our billing cycle much better…Lending Loop’s terms are also much longer -- 3 years versus 12 months. Merchant cash advances never seem to give you the amount that you really need."
Borrowing through Lending Loop has allowed Evolve Green to stabilize their business and focus on growth instead of making disruptive daily payments. Lending Loop is a far better option than merchant cash advances ever were.
"[Lending Loop] allowed us to compete for larger deals. I wasn’t quite sure what to expect from the process but it was very fast, only 2-3 days. A very good experience overall. Lending Loop is a way better option than being stuck in a rut, always at a net need for cash. For businesses like ours, cash flow is really important and cash flow issues are very serious. Lending Loop gave us the time and the terms we needed to truly grow"