Lightspeed Commerce has expanded its merchant cash advance program, Lightspeed Capital to Australia, New Zealand, the United Kingdom and Quebec. The launch aims to empower businesses with flexible funding in the face of rising inflation costs and turbulent economic conditions.

“Businesses are the backbone of our communities, and Lightspeed’s goal is to make owning a successful business easier than ever,” Lightspeed chief financial officer, Asha Bakshani said. 

“We are thrilled to have expanded the Lightspeed Capital offering throughout Australia, New Zealand, the United Kingdom and Quebec. This expansion aims to empower merchants who want to invest in their business. Our goal is to help alleviate roadblocks that traditional funding channels may require so our merchants can continue to focus on what matters most: growing their business while providing the best customer experience.”

Retail and hospitality entrepreneurs welcome a new era of business funding with Lightspeed Capital’s merchant cash advance program. It’s a quick and seamless application process for merchants with no personal credit checks and working capital available in as little as two business days. There’s flat-fee pricing for visibility and peace of mind.

Merchants receive notification, in app or by email with how much they’re eligible for as a cash advance and the flat fee. Merchants remit at the speed of their business. With no strict deadline, the advance can gradually be paid as a percentage of daily transactions.

Exclusively available to Lightspeed Retail and Lightspeed Restaurant users, it boasts the added benefit of personal insight into specific business needs. Lightspeed’s existing relationship with merchants makes for easier eligibility, underwriting and risk mitigation. 

For business owners, trying to secure funding can be stressful and time consuming. Lightspeed removes the roadblocks and frustrations that merchants face from traditional sources, making access to capital simple, secure and stress-free.

The Lightspeed cash advance program is tailored to merchants to support and strengthen their operations and fuel their ambitions. Now with even more Lightspeed users in Australia, New Zealand, the United Kingdom and Quebec being eligible, more merchants will have the freedom to transform their businesses. 

“We believe real-time access to capital is one of the largest challenges facing 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,” Lightspeed CEO, JP Chauvet added.