Unexpected temporary closures and business disruptions have forced retailers to adapt and find new ways to meet their customers’ needs. As a dedicated partner to our merchants, Lightspeed is giving them what they need to look forward as they get back on their feet and rebuild their businesses.
To that end, Lightspeed Capital will provide eligible merchants with funding of up to $50,000 USD so they can continue to adapt and respond with confidence to the changing realities of the retail industry.
Effective and practical financing to achieve business goals
Small and medium-sized brick-and-mortar retail businesses are important telegram free number philippines pillars of their communities, providing jobs and goods and services to millions of Americans. Supporting these businesses with the funding they need to continue operating robustly as they reopen is critical to the economic health of their communities, now and in the future. Lightspeed Capital will help merchants achieve their business goals by adapting to their new reality and innovating for the future.
To be eligible for funding from Lightspeed Capital to fund their goals, merchants must be based in the United States and use Lightspeed Payments in their retail business.
Eligible merchants will benefit from Lightspeed Capital in three main ways.
An efficient approval process
Lightspeed Capital has a shorter approval time and minimal constraints compared to traditional financial institutions, meaning retailers can access liquidity much faster. This will allow retailers to move forward with their reopening plans and get to work rebuilding their businesses immediately, allowing them to seize opportunities faster.
A convenient repayment plan
Lightspeed Capital is designed to help retailers rebuild, not put additional stress on them. Their funded amount will be automatically repaid as a percentage of daily sales. This flexibility means that each business’s repayment plan will reflect its situation and needs.
An accessible way to monitor their activity
Retailers will be able to review their up-to-date reimbursement terms with accessible reports built into the platform. At no point will retailers need to leave Lightspeed to make or monitor their payments; everything is integrated for maximum convenience.
Lightspeed Helps Retailers Meet Their Reopening Goals
Lightspeed is dedicated to supporting merchants by providing the tools, education, and financing they need to meet their new challenges head-on.