Willowbend Business Funding, a small-business funding service in Galesburg, Illinois, sets out its role here: it passes funding requests to partners and does not fund them with its own money. Partners review requests and make their own decisions. This page also covers merchant cash advances, what is shared with partners and what to check before accepting an offer.
Willowbend Business Funding Is a Funding Broker
Willowbend Business Funding is a broker, not a lender. It does not lend, advance or lease with its own money and does not make credit decisions. It takes a business's funding request by phone or online form, talks through which funding types suit it, and passes it to funding partners that consider that kind of business.
Credit Decisions Rest With the Funding Partner
Approval, amount, cost and terms are for the funding partner alone. A partner may decline, or offer something different from the request. Willowbend cannot change a partner's decision, and sending a request does not assure an offer.
A Merchant Cash Advance Is Not a Loan
In a merchant cash advance, a provider buys a portion of receipts the business has not yet taken in. The business remits a share of its sales until the agreed amount is collected, and the cost is set by the price paid for those receipts rather than by an interest rate. Compare the total to be remitted with the amount received before signing.
What Is Shared With Funding Partners
To match a request, Willowbend shares what you provide (name, phone, email, company name, time in business, annual revenue range, requested amount range and what you say about the purpose) with funding partners that may review it. The privacy policy, linked in the footer, has the detail.
Before Accepting Any Offer, Check These Lines
- The amount that reaches your account after fees
- The total to be repaid, or remitted for an advance, in dollars
- Payment frequency: daily, weekly or monthly
- Collateral, liens and personal guarantees
- Charges for paying early, paying late or renewing
- The funding partner's name and contact details
Questions About These Disclosures
Phone (309) 237-2801.
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