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Specialties
The Business Financing Group specializes in helping companies obtain business financing through alternative funding sources such as invoice factoring and merchant cash advances.
It does not matter if your personal credit is not good, and you do not have to put up any collateral and you can have the capital in your bank account in as little as 5 days.
Compare that with bank loans where the application process can take weeks and requires you to put up collateral and requires you to personally guarantee the loan.
The advances from these alternative financing sources can be used for payroll, marketing, inventory, expansion, and cash flow.
Leverage out knowlege and contacts and get the best terms and rates available in the business financing industry today.
History
Established in 2010.
Richard Lonschein practiced business law for 8 years and after the banks meltdown in 2008, he saw the rise of alternative business financing sources. He recognized that banks would not be lending money to businesses for a long time and he started The Businerss Financing Group in 2010.
Through extensive networking he developed relationships with the best companies in the factoring and merchant cash advance industry. He liked the fact that that businesses could get access to money very fast and yet they would not have to incur any debt because these are not loans, they are advances that are based upon the sale of outstanding invoices or the sale of a percentage of your future credit card sales.
Meet the Business Owner
Richard L.
Business Owner
Richard Lonschein is a practicing business lawyer who focuses on business financing. He is the president of The Business Financing Group which is a very successful business that helps clients get the best rates and terms available within different forms of business financing.