Oakpoint Credit in Marion, Ohio is a funding broker, not a lender. It passes funding requests to partners that review them and make their own decisions on approval and terms. Merchant cash advances are not loans. Read every offer in full before signing.
Oakpoint Credit Is a Funding Broker, Not a Lender
Oakpoint Credit does not lend, lease or advance its own money and does not make credit decisions. It takes a business's request by phone or form, discusses which funding types fit the purchase, and passes the request to funding partners that consider that kind of request.
Partners Make Every Credit Decision
Only the funding partner decides whether to make an offer, and it sets the amount, price and terms. A partner may decline or offer something other than what was asked. Oakpoint 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 a share of receipts the business will collect later. Amounts are collected or remitted, not repaid, and the cost is set by a factor rather than an interest rate. Compare the total to be collected with the total cost of any loan for the same need.
Before Signing Any Offer
- Read the whole agreement and keep a signed copy.
- Total every fee and the full dollars paid or collected.
- Check collateral, personal guarantees and prepayment terms.
- Ask the partner about anything unclear before you sign.
By Oakpoint Credit · Updated