Silvermead Loans in Vineland, NJ is a loan broker, not a lender. The notes below set out what that means for a funding request, for any offer that follows, and for the figures shown on this site.
A broker, not a lender: funding partners review each request, decide, and set every term.
How Silvermead Loans sits between an owner and a funding partner
Silvermead Loans arranges introductions between a business and funding partners, which include lenders and cash-advance providers. It does not lend money, approve or decline requests, or set rates, fees, terms or security. Each partner reviews a request under its own standards and may decline it.
Partner offers, and what to compare before signing one
An offer is never assured, and two partners can offer different amounts and costs for the same request. Before signing, compare the annual rate or factor rate, every fee, the payment schedule, the total repayment and any personal guarantee or lien. The partner's offer documents govern the arrangement.
Merchant cash advances arranged through Silvermead
A merchant cash advance is a purchase of a share of future card or bank receipts, collected as a percentage of those receipts rather than in fixed installments. Its factor rate is a multiplier on the amount advanced and is not an annual interest rate.
Payment examples and Census counts on Silvermead pages
Worked payment examples on this site use invented figures, are labeled as such, and are arithmetic only, not offers. Business counts come from Census Bureau programs such as County Business Patterns, ZIP Code Business Patterns and Nonemployer Statistics, each named with its year where it appears.
Costs that stay outside a Silvermead request
Silvermead Loans does not arrange funding for startups without revenue, trucking companies, agricultural operations, consumer or personal loans, real estate purchases or building construction loans.
By Silvermead Loans ยท Updated