Sprucewood Financial of Butte, Montana sets out its role on this page: it forwards funding requests to partners and does not fund them itself. Funding partners review requests and make their own decisions. The page also covers merchant cash advances, the information shared with partners, and the lines of an offer to check before accepting it.
Sprucewood Financial Is a Funding Broker
Sprucewood Financial is a broker, not a lender. It does not lend, advance funds or lease equipment with its own money, and it makes no credit decisions. It takes a funding request by phone or online form, discusses which funding types suit it, and forwards it to funding partners that consider that kind of business.
Funding Partners Make Every Credit Decision
Approval, amount, price and terms belong to the funding partner. A partner may decline a request or offer something other than what was asked. Sprucewood cannot change a partner's decision, and sending a request does not assure an offer.
A Merchant Cash Advance Is a Purchase of Future Receipts
With a merchant cash advance, a provider buys part of the receipts a business has not yet collected. The business remits a share of its sales until the agreed amount is collected, and the cost comes from the price paid for those receipts rather than from an interest rate. Set the total to be remitted against the cash received before signing.
Information Shared With Funding Partners
To match a request, Sprucewood shares what you provide (name, phone, email, company name, time in business, annual revenue range, requested amount range and what you say about the purpose) with funding partners that may review it. The privacy policy, linked in the footer, gives the detail.
Lines to Check in Any Offer
- The cash that reaches your account after fees
- The total to be repaid, or remitted for an advance, in dollars
- How often payments are taken: daily, weekly or monthly
- Collateral, liens and personal guarantees
- Charges for early payoff, late payment or renewal
- The funding partner's name and contact details
Questions About These Disclosures
Call (406) 317-6483.
By Sprucewood Financial · Updated