Coppermead Business Funding, a small-business funding service in Springfield, Ohio, explains its role here: it passes funding requests to partners and does not fund them itself. Partners review requests and make their own decisions. The page also covers merchant cash advances, how information is shared and what to check in any offer.
Coppermead Business Funding Is a Funding Broker
Coppermead Business Funding is a broker, not a lender. It does not fund loans, advances or leases with its own money and does not make credit decisions. It takes a business's funding request by phone or online form, discusses which options fit, and passes the request to funding partners that consider that kind of request.
Funding Partners Make the Credit Decision
Whether a request is approved, for how much, at what cost and on what terms is decided by the funding partner alone. A partner may decline, or offer something different from the request. Coppermead cannot change a partner's decision and does not promise that any request will receive an offer.
A Merchant Cash Advance Is Not a Loan
In a merchant cash advance, a provider buys part of the receipts a business has yet to collect. Amounts are remitted, not repaid, and the cost is set by the total of receipts purchased rather than an interest rate. Compare the total to be remitted with the total repaid on any loan offer for the same need.
Information Shared With Funding Partners
To match a request, Coppermead shares the details you provide (name, phone, email, company name, time in business, annual revenue range, requested amount range, and what you say about the purpose) with the funding partners that may review it. The privacy policy, linked in the footer, has more.
Check These Before Accepting an Offer
- The amount you receive after any fees are taken out
- The total you will repay or remit, in dollars
- The payment schedule: daily, weekly or monthly
- Any collateral, lien or personal guarantee
- Charges for paying early, paying late or renewing
- Who the funding partner is and how to contact it
Questions About These Disclosures
Call (937) 442-5419.
By Coppermead Business Funding · Updated