Canyonmoor Lending Group in Montrose, Colorado is a funding broker, not a lender, despite the word Lending in its name. It passes business funding requests to funding partners, which review them and make their own decisions on approval and terms. A merchant cash advance is not a loan. Read every offer in full before signing.
Canyonmoor Lending Group Is a Funding Broker, Not a Lender
Despite the word Lending in its name, Canyonmoor Lending Group does not lend, lease or advance its own money and makes no credit decisions. It takes a business's request by phone or web form, discusses which funding types fit, and passes the request to funding partners that consider that kind of request.
Funding Partners Make the Approval and Pricing Decisions
Only the reviewing partner decides whether to make an offer and sets its amount, price and terms. A partner may decline, or offer something different from what was asked. Canyonmoor cannot change a partner's decision, and no request is assured of an offer.
A Merchant Cash Advance Is a Purchase of Card Receipts, Not a Loan
In a merchant cash advance a provider buys a share of the card receipts a business will collect later. Amounts are remitted or collected as receipts come in, and the cost comes from a factor, not an interest rate. Set the total to be remitted beside the total cost of a loan or line for the same need.
Checks Before Signing Any Funding Offer
- Read the full agreement and keep a signed copy.
- Add every fee to the payments and write down the total paid or remitted.
- Find the collateral, any personal guarantee and any charge for paying early.
- Put any unclear clause to the partner, and to your own lawyer, before signing.
By Canyonmoor Lending Group · Updated