Shorerock Loans, a small-business funding service in Marietta, Georgia, explains its role here: it matches funding requests with partners and does not fund them. The partners that review requests make the decisions. The page also covers merchant cash advances, information shared with partners and checks before accepting an offer.
Shorerock Loans' role: a funding broker, not a lender
Shorerock Loans is a broker, not a lender. It does not fund loans, leases or advances 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 types fit, and passes the request to funding partners that may review it.
The word "Loans" in the name describes the subject of the service, not its role. Shorerock Loans connects you with funding partners; partners make credit decisions and set rates and terms.
Funding partners make every credit decision
Approval, amount, cost and terms are decided by the funding partner alone. A partner may decline or offer something different from the request. Shorerock cannot change a partner's decision and does not promise any outcome.
Merchant cash advances: a sale of receipts, not a loan
In a merchant cash advance a provider buys part of the receipts a business has yet to collect. Amounts are remitted to the provider rather than repaid, and the price is set by a factor rather than an interest rate. Compare the total to be remitted with the sum received before agreeing.
What is shared with funding partners
To match a request, Shorerock shares the details you give (contact details, company name, time in business, annual revenue range, requested amount range, and what you tell us on the call) with funding partners that may review it. More detail is in the privacy policy.
A checklist before accepting a partner's offer
- The amount you receive after charges are deducted
- The total to be repaid or remitted, in dollars
- How often payments fall due: daily, weekly or monthly
- Any collateral, lien or personal guarantee
- Any fee for paying early, paying late or renewing
- The funding partner's name and contact details
Questions on these disclosures, by phone
Call (770) 275-6482.
By Shorerock Loans · Updated