Boldmont Lending, Urbana, Illinois, is a funding broker, not a lender. It matches small-business funding requests with funding partners, who review them, make their own credit decisions and set any rates and terms. A merchant cash advance is a purchase of future receipts and is not a loan.
Boldmont Lending is a funding broker, not a lender
Boldmont Lending does not lend money, make credit decisions or set rates or terms. It matches small-business funding requests with funding partners. Each partner reviews a request under its own criteria and decides whether to make an offer and on what terms.
A request is not a promise of an offer
A request can end without any offer. Partners may decline a request or offer a different amount, option or schedule from the one requested.
An advance on receipts is not a loan
A merchant cash advance is a purchase of a share of future receipts. The funder collects that share as sales come in. It is not a loan, and the cost is stated as a factor rather than an interest rate.
By Boldmont Lending ยท Updated