Riverwick Business Loans is a funding broker in Taunton, Massachusetts, not a lender. Funding partners make every credit decision and set every rate and term.
Riverwick's Role in a Funding Request
Riverwick Business Loans is a broker, not a lender. It provides none of the funding, makes no credit decisions and sets no rates or terms. It takes requests by phone and online form and matches them with funding partners.
A partner that receives a request decides on its own whether to make an offer and on what terms.
How Funding Partners Review and Offer
Each partner reviews requests under its own criteria and may ask for records. Offers, if any, come from the partner in writing. Riverwick cannot promise that a request will receive an offer, and sending a request does not oblige you to accept one.
A Merchant Cash Advance Is Not a Loan
A merchant cash advance is a purchase of future receipts at a discount, not a loan. The funder collects an agreed share of receipts, or fixed debits, until the purchased amount has been remitted. Its cost is the difference between the receipts sold and the cash received, not an interest rate.
What Happens to Request Details
Information you give on the form or a call is used to match your request and may be shared with funding partners considering it. The privacy policy lists the categories of information.
Points to Check in Any Offer
- The total paid back or remitted, every fee included.
- The payment schedule and how it sits against your slowest months.
- What is pledged, which liens are filed and whether you sign personally.
- Prepayment terms and what happens on default.
- For an advance: receipts sold, the holdback or fixed debit, and any reconciliation rights.
Questions About These Disclosures
Call (774) 220-5972, or see the contact page.
By Riverwick Business Loans · Updated