Rowancroft Lending is a broker, not a lender. Based in Gulfport, MS, it refers business funding requests to funding partners, and each partner decides on approval, amount, rate, fees and terms.
How Rowancroft Lending and its funding partners divide the work on a request.
The broker role
Rowancroft Lending does not lend money and does not make credit decisions. It takes a request, matches it to a funding type and refers it to one or more funding partners. A partner may decline a request, and an offer from a partner is that partner's offer.
Merchant cash advances
A merchant cash advance is a purchase of future receivables by a provider, not a loan. Its cost is set by a factor, and the provider collects an agreed share of card sales.
Examples on this site
Payment, cost and payroll examples on this site use invented figures and are labeled as illustrations. They are not offers or estimates of what any partner charges. Census figures are cited with their program and year.
By Rowancroft Lending · Updated