Snowspring Credit is a small-business funding broker in Lima, Ohio, not a lender. It passes requests to funding partners, who review them and decide on approval, amount, rate and terms. Merchant cash advances are purchases of future receipts, not loans. This page sets out those roles and the questions counsel must still answer.
Snowspring Credit Is a Funding Broker, Not a Lender
Snowspring Credit is a funding broker, not a lender. It does not make loans, does not fund merchant cash advances and does not make credit decisions. It takes requests, explains the structures and passes requests to funding partners, which make their own decisions.
Funding partners decide whether to approve a request and set the amount, rate, fees, security and schedule. Their agreements govern any funding.
Merchant Cash Advances Are Not Loans
A merchant cash advance is a purchase of part of a business's future receipts. The funder collects an agreed amount as sales come in. It is not a loan, and the agreement does not set an interest rate.
No Approval, Rate or Timing Is Promised
Nothing on this website is an offer of credit or a promise of approval, rate, amount or timing. Examples on this website use invented figures and are labeled as such.
By Snowspring Credit · Updated