Hit quantity discounts, order premium goods, and expand into new markets.
Lendica prides itself on helping small and medium sized retailers and restaurants improve profitability and expand operations with affordable credit products. Founded by credit experts and backed by industry leaders, Lendica’s mission is to provide small and medium-sized business owners the same quality tools used by the larger operators.
To learn more about Lendica, please visit our website.
Operators that use Lendica to purchase larger quantities see, on average, a 5% increase in gross margins by taking advantage of volume discounts and adding premium selection.
For every $100,000 in monthly sales, operators experience a $40,000 increase in their cash position by increasing the days payables outstanding by 45 days.
PayLater has opened up a more premium selection for operators that were previously budget constraint which led to an average of 9.5% increase in the average receipt including a boost with Drizly orders.
Learn about PayLater
Our customers use PayLater for smarter inventory management. PayLater gives you a credit line to pay vendors when the invoice is due and pay back up to 90 days later.
Learn about the free trial
PayLater Free Trial gives you a $10k credit line that you can use without paying any fees. For 30 days, you will not pay interest or processing fees for any financing.
PayLater is a payment tool that allows qualified buyers to use a credit line for inventory purchases. Instead of paying based on state-mandated net terms, PayLater customers can use Lendica to pay invoices on their behalf and pay Lendica back up to 90 days later.
You will need your EIN number and access to your business bank account.
The application will start with a cell phone login, basic information about your business, and ask you to connect your business bank account using Plaid.
Qualified businesses will receive an offer for a PayLater credit line.
The offer will include:
Approval Amount which is the size of your credit line.
Processing Fee which is the amount you’ll pay for each invoice, up front.
Financing Fee which is the amount you’ll pay per invoice, at the end.
You will select one payment term from your approval. This will serve as your default payment term.
Once you sign your contract, we will notify your vendor and set your payment terms to Lendica.
When an order is delivered, Lendica will pay your vendor and automatically pull funds according to your payment schedule.
