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Financing with Lotus

Loan Program Summary

  • Lotus is proud to offer a one-of-a-kind financing program exclusively designed for any business, with a truly unique set of benefits. Our program stands out from the rest with our minimum down payment requirement, fast financing approval process, and same-day funding.
  • We utilize soft credit pulls, offer fixed rates, and monthly payments to help you budget more effectively.
  • You can include up to 25% of soft costs in your financing.  Such as: delivery, taxes, ingredients, consumables, and more. Plus, we provide custom payment plans based on credit underwriting, including deferred payments, progress payments, and step payments.
  • Lotus has a transparent approach with no hidden fees, and you have the freedom to pay off your loan early without any penalty

Working Capital Line of Credit Summary

  • We are excited to also offer a working capital line of credit attached to all approved financing, designed to support your ongoing purchase needs.
  • This credit line has a range of advantageous features, such as no collateral requirements, no pre-payment penalties, and funding options between $10,000 to $500,000, with a maximum repayment term of 15 months .
  • With these funds, you can easily purchase consumables, parts, packaging, and ingredients from Lotus, all while having a trusted partner in your business venture.

For questions about financing, contact Dan Harris:

Phone: 303-800-1059
Email: dharris@lotusbeveragefinance.com

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Frequently Asked Questions

Can Lotus provide a loan to my startup?

We offer the ability to underwrite to various credit profiles, ensuring that we can work with you to find financing that meets your needs and helps your business thrive.

What is the minimum down payment required?

Our minimum down payment is simply the first and last monthly payments.

When is the first payment due after the down payment?

Once your down payment is made, your next full monthly term payment won’t be due until 30 days after funding, either on the 1st or the 15th of the month. This gives you time to put the loan to work and start generating revenue before making your first payment

How long does it take to get approval and receive the funds to sign my equipment order form?

We know that time is of the essence when it comes to financing your business. That’s why we’ve streamlined the credit process to take just 2-4 hours with a complete application. Once approved and the documentation process is completed, funding can be done within 24 hours after we receive your signed documents.

Will applying for a loan affect my credit score? Worried about the impact of applying for a loan on your credit score?

No, Soft credit pulls are used, which don’t impact credit scores.

What is the longest loan term you offer?

Our standard terms range from 24-60 months, so you can choose the loan term that best fits your needs and budget.

What interest rate can you offer me?

We offer highly competitive interest rates based on credit underwriting. Our rates are tailored to meet your unique needs, and we work closely with you to ensure that you get the best possible rates for your business.

Will there be any hidden fees?

We believe in transparency. That’s why there are no hidden fees. You can rest assured that the financing you receive will be straightforward and easy to understand.

Are my monthly payments fixed? Yes. Can rising interest rates impact my payments?

With fixed rates and monthly payments for the entire term of the contract, you can plan and budget with confidence. You won’t have to worry about rising interest rates impacting your payments.

Can I include freight, delivery, shipping, and taxes in my loan?

Yes, we understand that there may be additional costs associated with your equipment purchase, like delivery, installation, or taxes. Up to 25% of soft costs can be included in your financing, making it easier to finance everything you need.

Can I include consumables and ingredients from Lotus in my financing?

This can be included as part of the soft cost amount, so you can get everything you need in one loan.

Can I include other equipment purchases like trucks, furniture, and laptops in my loan?

We provide financing for a wide variety of equipment types, so you can get the funding you need for everything your business requires.

Can I take advantage of additional financing options in the future if my business grows and expands?

As an existing customer, you can take advantage of our streamlined application process to obtain additional financing when you need it most. Our team of dedicated professionals will work with you to create a financing package that meets your specific business needs, allowing you to continue to grow and thrive.

At the end of the loan term, who will own the equipment?

At the end of the financing term, you’ll own the equipment for $1.00. That means you can continue to use it for years to come, without worrying about additional payments.

Can you provide deferred payments, progress payments, or step payments to align with my equipment revenue?

We understand that every business is unique, and that revenue can fluctuate. That’s why we offer special structures like deferred payments, progress payments, and step payments, based on credit underwriting, to help align with your equipment revenue.

Can I pay off my loan early?

You can! We don’t have prepayment penalties.