Glenpine Funding in Maryville, Tennessee is a funding broker, not a lender. It forwards business funding requests to funding partners, which review them and make their own decisions on approval and terms. A merchant cash advance is a purchase of future receivables, not a loan.
Glenpine Funding Is a Funding Broker, Not a Lender
Glenpine Funding does not lend, lease or advance its own money, and it does not make credit decisions. It takes a business's request by phone or online form, discusses which funding types fit, and forwards the request to funding partners.
Each Funding Partner Makes Its Own Decision
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 what was requested. No request is assured of an offer.
A Merchant Cash Advance Is Not a Loan
In a merchant cash advance, a provider buys a share of the card receipts a business will collect in the future. Amounts are remitted or collected as receipts arrive, and the cost is set by a factor rather than an interest rate.
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.
- Identify the collateral, any personal guarantee and any prepayment charge.
- Ask the partner about anything unclear before signing.
By Glenpine Funding · Updated