Reedview Credit in New Bedford, Massachusetts is a funding broker, not a lender. It passes business funding requests to funding partners, which review them and make their own decisions on approval and terms. A merchant cash advance is a purchase of future receivables, not a loan.
Reedview Credit Is a Funding Broker, Not a Lender
Reedview Credit 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 passes the request to funding partners.
Funding Partners Make Their Own Decisions
Only the reviewing partner decides whether to make an offer and sets its amount, price and terms. A partner may decline or offer something other than what was requested. No request is assured of an offer.
A Merchant Cash Advance Is Not a Loan
In a merchant cash advance, a provider buys a share of the card receipts a business will collect in the future. Amounts are remitted or collected as receipts arrive, and the cost is set by a factor rather than an interest rate.
Before Signing Any Offer
- Read the whole agreement and keep a signed copy.
- Add every fee to the payments and note the total paid or remitted.
- Identify the collateral, any personal guarantee and any prepayment charge.
- Ask the partner about anything unclear before signing.
By Reedview Credit · Updated