Coralmoor Business Funding, in Moorhead, MN, is a broker, not a lender. It passes business funding requests to funding partners, and those partners review them and make every credit decision. These Moorhead, MN disclosures set out that role and the limits of what the site says.
Coralmoor Business Funding is a broker and does not lend. Funding partners set amounts, rates, terms and fees, may check credit and decide. Worked examples use invented figures; Census figures carry their program and year.
Arranging, not lending: the role Coralmoor Business Funding plays
Coralmoor Business Funding does not lend money, does not issue merchant cash advances and does not make credit decisions. It takes a request by phone or through the request form, talks through the need and passes the request to funding partners. A merchant cash advance is a purchase of future card receipts by a funding provider, not a loan.
Amounts, rates, terms and fees come from the funding partner
Any offer comes from a funding partner, which sets the amount, rate or factor, term, payment schedule, fees and any collateral or guarantee. This site does not set or quote those terms, and nothing on it is an offer of credit. A business can turn down any offer.
Credit reviews sit with the partner that receives the request
Sending the request form is not a credit application. A funding partner may check credit during its own review of a request, under its own policies, and may ask for documents such as bank statements or tax returns.
Worked examples on this site use invented figures
Payments, totals and interest in the worked examples are labeled "Illustration only, invented figures." They are computed from the amount, rate and term printed with them, and they do not describe any business, partner or offer.
Census figures, their years and what they measure
Local figures come from U.S. Census Bureau programs and are labeled with their program and year: County Business Patterns and ZIP Code Business Patterns count employer establishments, Nonemployer Statistics count businesses with no paid employees, the Building Permits Survey counts authorized housing units, and the American Community Survey estimates self-employment with a margin of error. County figures describe Clay County, MN, and ZIP figures describe the ZIP Code area, not the city.
By Coralmoor Business Funding · Updated