Shorepeak Credit, a small-business funding service in Bradenton, Florida, sets out its role here: it is a funding broker that matches requests with partners and does not fund them itself. Each partner reviews a request and decides. The page also explains merchant cash advances, what details are passed on and what to check before signing.
Shorepeak Credit is a funding broker
Shorepeak Credit is a broker, not a lender. It does not fund loans, advances or leases with its own money and does not make credit decisions. It takes a business's funding request by phone or online form, discusses which funding shapes fit, and passes the request to funding partners that consider that kind of request.
The funding partner makes the credit decision
Only the funding partner decides whether to make an offer, and it sets the amount, cost and terms. A partner may decline, or offer something different from what was requested. Shorepeak cannot change a partner's decision and does not promise that any request will receive an offer.
A merchant cash advance is not a loan
In a merchant cash advance, a provider buys a share of receipts the business will collect in future. Amounts are remitted, not repaid, and the cost is set by a factor rather than an interest rate. Compare the total to be remitted with the total repaid on any loan offer for the same need.
Details passed to funding partners
To match a request, Shorepeak shares the details you provide (name, phone, email, company name, time in business, annual revenue range, requested amount range, and what you say about the purpose) with the funding partners that may review it. The privacy policy, linked in the footer, has the detail.
Check these before accepting an offer
- The amount you receive after any fees are taken out
- Every dollar you will repay or remit, totaled
- How often payments are taken, and on which days
- Each clause on collateral, liens or a personal guarantee
- Charges for paying early, paying late or renewing
- The funding partner's legal name and contact details
Questions about these disclosures
Phone (941) 384-3223.
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