Sageway Lending is a broker, not a lender. These disclosures explain that role, who decides on a request, and how a merchant cash advance differs from a loan.
Sageway Lending passes requests to independent funding partners and does not make loans or decide on them. Partners set rates, terms and costs, may decline, and nothing binds a business until it signs.
The Broker Role Sageway Lending Plays in Burlington, NC
Sageway Lending, based in Burlington, NC, does not lend money, fund advances or make credit decisions. It takes a business's funding request and passes it to independent funding partners, which are separate companies with their own underwriting.
Funding Partners Review Each Request and Decide
Each partner reviews a request under its own standards and decides whether to make an offer. Rates, payment schedules, fees, collateral and other terms come from the partner. A partner may decline, and no request is certain to receive an offer.
A Merchant Cash Advance Is a Purchase of Future Receivables
A merchant cash advance is a purchase of a share of a business's future receivables. The provider collects its share from card sales or bank deposits until the agreed amount has been collected. It is not a loan, and its cost is not stated as an annual rate the way a loan's is; read each agreement in full before signing.
Reading an Offer Before Signing
Compare the total cost, the payment schedule, any fees and any prepayment terms of an offer against other quotes, including any from the business's own bank or credit union. Until an agreement is signed, turning an offer down remains an option.
Examples, Figures and Advice on This Site
Worked examples on this site use invented figures and are labeled as illustrations. Local figures name their public source and year. Nothing here is legal, tax or accounting advice; the owner's own advisers decide how a funding choice applies to the business.
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