Truecrest Business Loans, Newark, DE, is a loan broker, not a lender. It takes business funding requests and passes them to independent funding partners, who make every decision. These disclosures cover its role, partner terms, merchant cash advances, the figures on its pages and the requests it does not take.
Truecrest passes requests on and lends nothing; funding partners set every term and may decline.
Broker role: Truecrest passes requests on and lends nothing
Truecrest Business Loans introduces business funding requests to funding partners, among them lenders and merchant cash advance providers. It does not lend money or provide advances, approve or decline requests, or set rates, fees, terms, payment schedules or collateral.
Each partner sets its own price, term and answer
Sending a request does not mean an offer follows. Partners apply their own standards, may check credit and may decline. When two partners respond, the amount, cost and terms can differ. Before signing, compare the annual rate or factor, every fee, the payment schedule, the total to be paid and any guarantee or lien. The partner's documents govern any agreement.
How a merchant cash advance differs from the loans described here
A merchant cash advance is not a loan. The provider buys a share of the business's future card or bank receipts and collects it as a set percentage of those receipts. Its factor is a multiplier on the amount advanced, not an annual interest rate, so the dollar cost is the clearer comparison.
Made-up payment figures and Census Bureau counts on Truecrest pages
Worked examples on this site use invented figures, are labeled that way and show arithmetic only; none is an offer or a quote. Business counts come from Census Bureau programs (County Business Patterns, ZIP Code Business Patterns, Nonemployer Statistics and the American Community Survey), each named with its year where it appears, and they describe areas rather than any one business.
Requests outside this site
Trucking, farm operations, startups without revenue, personal or household needs, property purchases and building construction loans are outside this site.
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