Lending Services

Quick Jump

If you’re interested in borrowing money to improve or expand your business, increase staffing or acquire additional inventory, be careful.

Merchant cash advance (MCA) companies and other non-traditional lending organizations are feasting on businesses like yours. Instead of helping your business grow, the high cost of borrowing money could cause you to close your doors — for good.

That’s why it pays to protect yourself. When you investigate loans, make sure every lender gives you:

  • Full disclosure on interest rates
  • APR and how it’s calculated
  • Loan fees, hidden fees/costs, change of card processor requirements
  • Underwriting criteria

Many business owners endure inflated rates because they are misled about the actual APRs they’re paying — or feel they have no choice but to accept usurious short-term lending products. Alternative lending organizations like merchants to believe they simply must charge egregious rates to make a fair profit — but the reality is, in many instances they charge those rates because they know they can get away with it.

Heartland teams with Encore Capital — for you. Heartland Payment Systems and Encore Capital , LLC — a private lending company specializing in the hospitality industry — have teamed up to challenge the alternative funding industry. Together, we offer Heartland customers fairly priced alternative lending solutions  — at rates that allow you to grow and improve your restaurant. If you qualify, you can get an alternative working capital loan with a guaranteed annual percentage rate (APR) that does not exceed 30%. Heartland offers this as a value-added service for which we receive no compensation.