Rowanstead Advances, a loan broker in Vineland, NJ, does not lend money. Its role is to pass business funding requests on to funding partners, and each partner makes its own decision. The sections below cover offers, cash advances, worked examples, Census counts and requests the site does not take.
Rowanstead Advances passes requests on; funding partners decide, set every term and may decline.
What Rowanstead Advances arranges, and what stays with funding partners
Rowanstead Advances introduces a business's funding request to funding partners, a group that includes lenders and cash-advance providers. It does not make loans or advances, decide on requests, or set any rate, fee, term, payment schedule or collateral. Each partner applies its own standards and can turn a request down.
No offer is assured, and two offers can differ
Sending a request does not mean an offer follows. When more than one partner responds, amounts, costs and terms can differ for the same business. Before signing, set the offers side by side on the annual rate or factor rate, each fee, the payment amount and schedule, the total to be paid back and any personal guarantee or lien. The partner's own documents govern the agreement.
Merchant cash advances are purchases of future receipts
A merchant cash advance is not a loan. The provider buys a share of the business's future card or bank receipts and collects it as a percentage of those receipts, not in fixed installments. The factor rate is a multiplier on the amount advanced; it is not an annual interest rate.
Invented examples and Census Bureau counts on these pages
Payment examples on this site use made-up figures, carry a label saying so, and show arithmetic only; they are not offers or quotes. Business counts come from Census Bureau programs, including County Business Patterns, ZIP Code Business Patterns, Nonemployer Statistics and the American Community Survey, each named with its year where it appears. They describe areas, not any single business.
Requests Rowanstead sends to no partner
Rowanstead Advances arranges no funding for trucking companies, agricultural operations, startups without revenue, consumer or personal needs, real estate purchases or building construction loans.
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