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We have a 90% Approval rate

You don't need to have perfect credit

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You don't need to process credit cards

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Frequently Asked Questions


What can Lenox Lending do for my business?
We can quickly get you the capital you need for any business purpose. Since this is not a traditional bank loan, we have an extremely high approval rate and can accommodate almost any industry, and can even get money for new businesses.

How can I use the money?
Use the money any way you see fit. Customers often use the cash to upgrade or expand their business, make repairs or purchase inventory. Some businesses also use the money to meet certain obligations such as payroll, and other debt that needs to be resolved extremely quickly.

How does it work?
The funding process is extremely simple. Lenox Lending will purchase an agreed upon amount of your future receivables at a discount. The amount purchased is advanced to you as immediate cash. After you receive the funds, a small, fixed percentage of your daily credit card sales are deducted until the advance is paid back. If your business does not take credit cards as a form of payment, Lenox Lending can collect payments from your business bank account. The benefit to you is that you not only receive the money quickly, but the repayment will never affect your cash-flow, since it is a small percentage of your daily sales.

Will I qualify if I have bad credit?
Credit score is not a factor that will prohibit you from getting financing. We have an extremely high approval rate, and can offer almost any business a cash advance. We know that many business owners put everything they have into their business including their personal finances, which usually results in a low credit score. We are most interested in your revenue stream when determining how much money you will qualify for.

How long will it take to find out if I am approved?
An approval is obtained within 24 hours of receiving the required documentation.

How much can I qualify for?
Your monthly credit card and total sales volume determines how much you can qualify for. The advance amount is usually between 1-3x (100%-300%) of your monthly sales volume, averaged over the previous 120 days.

How quickly can I get the money?
Once we receive a completed application and required documents, we can start to prepare the funding process. Most deals are funded in less than a week.

Do I have to change my credit card processor?
No. We are happy to work with whatever credit card processor you currently use. At your request, we can evaluate your current processing company, and often save you a significant amount of money with one of our partners.

Is there any prepayment penalty for paying back the advance early?
No. You can settle the advance at any time by paying off the remaining balance.

I already have a cash advance one with another company, can I still apply?
Yes. We can pay off your current balance and give you the remainder in the form of additional cash. Many business owners who have current cash advance come to us to have their UCC-1 lien removed.

Who can answer my questions, or help me start the funding process?
Please just fill out the simple form or call us directly. We will be happy to get the process started for you right away.

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