Oakgrove Finance in Jackson, Michigan is a funding broker, not a lender. It passes funding requests to partners that review them and make their own decisions on approval and terms. A merchant cash advance is not a loan. Read every offer completely before signing anything.
Oakgrove Finance Is a Funding Broker, Not a Lender
Oakgrove Finance does not lend, lease or advance its own money and does not make credit decisions. It takes a business's request by phone or form, discusses which funding types fit, and passes the request to funding partners that consider that kind of request.
Funding Partners Make Every Credit Decision
Only the funding partner decides whether to make an offer and sets its amount, price and terms. A partner may decline or offer something different from the request. Oakgrove Finance cannot change a partner's decision and does not promise any request 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 the future. Amounts are collected or remitted, not repaid, and the cost is set by a factor rather than an interest rate. Compare the total to be collected with the total cost of any loan for the same need.
Before Signing Any Offer
- Read the whole agreement and keep a signed copy.
- Add up every fee and the total dollars paid or collected.
- Check collateral, personal guarantees and prepayment terms.
- Ask the partner about anything unclear before signing.
By Oakgrove Finance · Updated