Get fast, reliable funding with Lightspeed Capital

Our cash advance program is the simplest way to get the funding your business needs, from a company you trust.

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How Lightspeed Capital works

Lightspeed Capital takes away the roadblocks many independent business owners face on their search for funding. Our team pre-screens for eligibility and creates a cash advance offer that's tailored to your business.

Determine if you are eligible for Lightspeed Capital

Apply for a cash advance through a Lightspeed Capital team member

Funds are sent to your bank account in as soon as two business days

The cash advance balance is remitted through a percentage of income generated by your sales

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Local businesses are the backbone of our communities, and Lightspeed’s goal is to make owning a successful independent business easier than ever. We believe real-time access to capital is one of the largest challenges facing independent merchants today. This expansion of Lightspeed Capital provides a simple, streamlined opportunity for our merchants to invest in their business. Our goal is to help turbocharge their operations ... all through a single, integrated commerce solution.


Dax Dasilva, Lightspeed CEO

Get funds in as soon as two business days.

There’s no lengthy application or credit check—so you can get to the funds sooner rather than later.

  • Cash advance is deposited directly into your bank account
  • Credit scores are unaffected by the process
  • Flat-fee pricing structure with no hidden costs
  • Eligibility is determined by business performance
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Use Lightspeed Capital for any business purpose.

Plus, there's no strict payback schedule—you pay nothing until you make sales.

  • Transparent pricing with no rising interest rates–just a flat fee
  • No scheduled monthly payments
  • The balance, including a flat fee, is remitted through a portion of your sales
  • Capital can be requested again after your balance is remitted
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How does Lightspeed Capital compare to other types of funding?

I found the funding and structure were painless. That takes away some of the stress and subterfuge of other people’s processes. I would recommend it to someone who saw sufficient ability to make use of the funds, because there’s not a simpler, safer way to get quick capital.


Jack Sachs, Drama Club
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Frequently Asked Questions

Learn more about Lightspeed Capital.

Should You Apply for a Cash Advance?

Find out what a cash advance can do for your business.

Merchant Cash Advances Explained

Get more information on merchant cash advances.

Frequently asked questions

Is this a loan?

No. Lightspeed Capital provides a merchant cash advance in the amount of the purchase price, which is not a loan. A merchant cash advance is a purchase of future receivables, which is remitted as a percentage of income on each future sale until the purchase amount is remitted in full.

A loan, by contrast, is borrowed money that is paid back according to a set schedule, by a certain deadline, with a specified interest rate. Traditional financial institutions can require collateral (such as accounts receivable or a physical asset) to reduce the risk they take on when offering business loans, but merchant cash advances do not carry this stipulation.

Is there a payment schedule?

There is no set payment schedule or deadline because this is a merchant cash advance, not a loan. The cash advance is designed to suit the needs of your business: When sales are steady and high, the advance gets remitted faster. In a slow sales period, you pay less. This means that you can remit the advance at any time without penalty, unlike a loan.

What’s the interest rate?

As this isn’t a loan, there is no interest rate. Instead, Lightspeed Capital uses flat-fee pricing. The flat fee is a percentage of your cash advance balance that’s added on to the total amount to be remitted.

How much are the fees?

Based on the amount of funds requested, there is an associated flat fee. The flat fee differs from the payment rate, which is the percentage of your daily credit card sales used to remit the cash advance.

For example, you may receive an offer that looks something like this:

Financing amount: $20,000
Flat fee: $3400
Total amount owed: $23,400
Payment rate: 11%

This fee isn't due as a cash payment upfront. Rather, the fee is paid as part of the daily withdrawals described below.

How and when is the purchased amount delivered to Lightspeed?

After you obtain funds via Lightspeed Capital, 11% of your daily credit card sales are taken directly from your business bank account, by a Lightspeed entity via ACH. It's important you make sure that you have enough funds in your account to cover the ACH transfer.

You won't pay anything unless you make sales.

How do you determine eligibility?

Lightspeed Payments subscribers are automatically reviewed for eligibility on a monthly basis, and you may be contacted via email if your business qualifies for an offer.

If eligible, you will receive an email or intercom notification. Then, when you send in your application (the process takes just a few minutes!), the Lightspeed Capital team assesses your application to confirm you are eligible for the requested cash advance.

The criteria for eligibility is based on a number of factors, including overall business performance, transaction volume and your history with Lightspeed Payments.

Offers will remain available for up to 30 days, after which the offer will expire and you will be reevaluated for eligibility.

Disclaimer

Lightspeed Capital is a merchant cash advance service provided by Lightspeed and its affiliates. Eligibility criteria, terms and fees apply.