Sageford Loans in Richmond, Indiana is a funding broker, not a lender. It hands business funding requests to funding partners that review them and make their own decisions on approval and terms. A merchant cash advance is a purchase of future receivables, not a loan. Read every offer in full before signing.
Sageford Loans Is a Funding Broker, Not a Lender
Despite the word in its name, Sageford Loans does not lend, lease or advance its own money and does not make credit decisions. It takes a business's request by phone or online form, discusses which funding types fit, and hands the request to funding partners that consider that kind of request.
Each Funding Partner Makes Its Own Credit Decision
Only the reviewing partner decides whether to make an offer, and sets its amount, price and terms. A partner may decline, or offer something different from what was requested. Sageford cannot change a partner's decision, and no request is assured of an offer.
A Merchant Cash Advance Is a Purchase of Receipts, Not a Loan
In a merchant cash advance, a provider buys a share of the card receipts a business will collect later. Amounts are remitted or collected as receipts arrive, and the cost is set by a factor rather than an interest rate. Set the total to be remitted beside the total cost of a loan or line for the same need.
Checks to Make Before Signing an Offer
- Read the whole agreement and keep a signed copy.
- Add every fee to the payments and note the total paid or remitted.
- Find the collateral, any personal guarantee and any prepayment charge.
- Ask the partner about anything unclear before signing.
By Sageford Loans · Updated