Heathrun Advances in Decatur, Alabama 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. A merchant cash advance is not a loan. Read every offer in full before signing.
Heathrun Advances Is a Funding Broker, Not a Lender
Heathrun Advances 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 options fit, and passes the request to funding partners that consider that kind of request.
Funding Partners Make the Credit Decisions
Only the funding partner decides whether to make an offer and sets its amount, price and terms. A partner may decline or offer something different from what was requested. Heathrun Advances cannot change a partner's decision, and no request is assured of an offer.
Merchant Cash Advances Are Not Loans
In a merchant cash advance, a funder buys a share of receipts the business will collect in the future. Amounts are collected or remitted, not repaid, and the cost is set by a factor rate rather than an interest rate. Compare the total to be collected with the total cost of a loan for the same need.
Before You Sign Any Offer
- Read the full agreement and keep a signed copy.
- Total every fee and the full amount paid or collected.
- Check collateral, personal guarantees and prepayment terms.
- Ask the partner about anything unclear before signing.
By Heathrun Advances · Updated