Copperford Finance in West Bend, Wisconsin is a funding broker, not a lender. It places business funding requests with funding partners that review them and make their own decisions on approval and terms. A merchant cash advance is a purchase of future receipts, not a loan. This page sets out those points and what to check before signing.
Copperford Finance Is a Funding Broker, Not a Lender
Copperford Finance does not lend, lease or advance its own money and does not make credit decisions. It takes a business's request by phone or through the request form, discusses which funding types fit, and places the request with funding partners.
Funding Partners Decide on Approval and Terms
Only the reviewing partner decides whether to make an offer and sets its amount, price and terms. A partner may decline or offer something different from the request. Copperford cannot change a partner's decision, and no request is assured of an offer.
A Merchant Cash Advance Is a Purchase of Receipts, Not a Loan
In a merchant cash advance, a provider buys a share of the card receipts a business will collect later. Amounts are remitted or collected as receipts arrive, and the cost comes from a factor rather than an interest rate. Compare the total to be remitted with the sum received before signing.
Before Signing Any Offer
- Read the full agreement and keep a signed copy.
- Add every fee to the payments and note the total paid or remitted.
- Find the collateral, any personal guarantee and any charge for early payoff.
- Ask the partner to explain anything unclear before you sign.
By Copperford Finance · Updated