Disclosures for Jadeglen Loans in Starkville, MS: its role in passing requests to funding partners, who sets terms, what a merchant cash advance is, and where the figures come from.
What Jadeglen Loans is, and what it is not
Jadeglen Loans in Starkville, MS is a loan broker, not a lender. It takes a business funding request by phone or through the online form and passes it to funding partners. It does not lend its own money, review a request for credit, approve or decline anyone, or set an amount, a rate or a term.
Offers come from funding partners
A funding partner that reviews a request decides on its own whether to make an offer and on what terms. Rates, fees, collateral, guarantees and payment schedules are set out in the partner's own agreement, which is the document that governs the deal. Not every request leads to an offer, and an owner who receives one can turn it down. Read the full agreement, and ask the partner about anything unclear, before signing.
Merchant cash advances are a purchase, not a loan
A merchant cash advance is a provider's purchase of a share of a business's future card sales or receivables. It is collected from those sales until the agreed amount is in, and its cost is written as a factor rate, not an interest rate. The merchant cash advance page explains how the holdback and the factor rate work.
Figures and examples on this site
Business counts on this site come from the U.S. Census Bureau (County Business Patterns, ZIP Code Business Patterns, Nonemployer Statistics and the American Community Survey), with the program and year named next to each figure. Worked examples are labeled as illustrations with invented figures; they are not quotes, offers or predictions of what any partner would charge.
Questions about these disclosures: call (662) 445-7560 or use the contact page.
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