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Talk with Us(800) 217-1557
About Us
We Help Our Clients Find the Right Financing Fit For Their Businesses.
Every business is different and the same applies to every lender. Whether your business is looking for a short-term, long term or a no-term loan, Lyve Lending Group can help.
Choose from Multiple Offers
Lyve Lending Group is the solution. We are a group of multiple lenders, so we can offer you the best rates from multiple lenders all at once. You don't have to waste your time going through different websites or calling different banks - we do all the work for you.
Build your commercial Credit
We offer loans to businesses with perfect credit, bad credit, or no credit, no collateral required. We base our lending decisions on the strength of your business, not your personal credit score. Apply today and get the cash you need to grow your business.
Get the best rates and terms
Lyve Lending Group is here to help. We offer the best rates and terms, so you can get the money you need without breaking the bank. We work with a wide variety of lenders, so we can find the perfect loan for your needs. Apply today and see how easy it is to get the money you need!
WHY US?
Lyve Lending Group is a Canadian business lending platform that uses AI technology to connect businesses with the right lender in minutes. We offer fast, easy financing for businesses of all sizes.
Banks vs Lyve Lending Group
| Conditions | Bank Loan | Lyve Lending Group |
|---|---|---|
| Builds Commercial Credit It’s important for a business to build commercial credit. |
Y | Y |
| Deposit within 48 hours Banks take 6-8 weeks to process a file, we process and deposit within 24 hours |
N | Y |
| Pay-Early Discount Banks will penalize to pay off loan early, we give 10% discount balance owing if paid early |
N | Y |
| Unsecured Bank loans usually need a house or equipment to secure a loan, we don’t need anything |
N | Y |
| Fixed Rate Bank loans have interest rates that compound, our rate is FIXED and never increases |
N | Y |
| 92% Approval Rate Banks rarely approve. We have a 90% approval rate! |
N | Y |
| Multiple Finance Options Banks only have commercial credit lines with variable rates. We have multiple finance products customized to each individual business |
N | Y |
| Knowledgeable Reps Banks employees have limited business knowledge. We are business experts. |
N | Y |
| Bad Credit Loans Banks need credit of 720+ and collateral. We only need 650+ and no collateral. |
N | Y |
Neobanks vs Lyve Lending Group
| Conditions | Neobanks | Lyve Lending Group |
|---|---|---|
| Best Fit Individiual Lender companies have limited options and |
N | Y |
| Better Value Our partnership with lenders require rates be lower than their standards with no processing fees. |
N | Y |
| Flexibility Instead of pushing lenders to be flexible, we find another lender |
N | Y |
| Partnership Lone Lenders have employees who are incentivized by bonuses and commission. We work for you and only get paid when your’re happy! |
N | Y |
| Equipment Leasing We can offer separate financing to maximize your eligible amount |
N | Y |
| Waived Fees Lenders have processing fees called application, origination, administrative fees. Lyve Lending Group has waived all our fees to save our clients money. |
N | Y |
FAQs
What is Lyve Lending Group?
Lyve Lending Group is a leading Canadian financial technology company specializing in business loans, we’re made up of mostly business owners and bank executives.,We provides quick, easy, and affordable loans to small businesses. Our company was founded, and is managed, by former bank executives and business owners who wanted to better serve the Canadian small business community.
What type of loans does Lyve Lending Group offer?
Our loans are short-term business loans delivered 100% online. These fast and easy loans have become a popular alternative to paperwork-intensive bank loans and expensive merchant advance financing.
Why do I need a broker?
We save our clients time and money by finding them the financing that fits best for their needs and opportunities. We’re are 1-2 points less than going direct-to-lender. We also waive all processing, application, and origination fees.
What’s the rate?
Great question! The rates are customized to each individual business and depend on the lender, industry, and time in business. You can find your custom rate and amount qualified for by clicking on Apply Now.
What are the loan amounts and terms?
Our loans range from $5,000 to $500,000 and have terms between 3 and 24 months. If you are seeking a higher loan amount please call our customer success team at (800) 217- 1557 to discuss your options
What can I use the loan for?
You can use your funding for anything you need to grow your business. Our funds are unrestricted but common reasons include purchasing new inventory or equipment, remodeling, relocating, investing in additional marketing, hiring staff, refinancing debt, and simply helping with cash flow.
How fast can I get the money?
If you click on Apply Now, you can have funds in your account in 24-48 hours.
Are these loans secured?
Our financing is unsecured! However, all loans have a general security interest on the business which is registered under the PPSA (“Personal Property and Security Act”) and backed by a personal guarantee. This will not affect any current security assignments you may have in place.
Can I payout my loan at anytime?
Yes – at any time you may pay your remaining balance without any penalties or stipulations. In fact, in some cases you may be eligible for a discount if you pay your entire balance off in full.
For FLEX Loans does it matter who my debit/credit card processor is?
It does not matter who your current debit/credit card processor is. Our automated system has been designed to work with all major processing companies. At Lyve Lending Group we will never ask you to switch from your current processor – we are not in the business of payment processing, we are in the financing business!
How often do I make payments?
Our process is fully automated so you never have to worry about making a payment. We only get paid when you get paid and our automated process collects a specified percentage of your debit/credit card sales on a daily basis. In the case of a Flex / Fixed Solution loan, a small fixed payment is electronically debited from your business bank account each business day. This continues until your balance is settled.
Is this factoring?
No! Factoring is based on a company's past/current receivables. Factoring companies take over a company's Account Receivables and may create a reputational risk. Our financing is based on a businesses average revenue, and we also work in partnership with the banks
Is this a line of credit?
We offer various credit products that include floating lines of credit, term loans, and merchant cash advances.
Does this create/build my commercial credit?
YES! A lot of businesses will use us as a stepping stone to eventually obtain a commercial line of credit from the bank. Commercial credit is challenging to create and building it is imperative to business growth.
Will you run my credit?
We will not show up as an inquiry on your credit report. Our financing is based more on your businesses sales and less on your credit score.
Who do I call if I have more questions?
A Lyve Lending Group Representative is happy to assist you:
Monday – Friday 7:00am to 7:00pm EST
Phone: 1-800-217-1557
E-mail: info@lyvelending.com
Our Team Member
Our Expertise Will Help You
Our funding specialists are experts in the Canadian commercial lending space, with combined 25 years of entrepreneurial experience, they're here to help
Sandrine Tremblay
Directrice des opérations
Grantley Othneil Adams
President & Founder
Sabrina Bailey
Director of Sales
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