Snowvale Business Capital, a small-business funding broker in Greeley, Colorado, follows four steps: you describe the cost, we shortlist funding types and lending partners, a partner underwrites and decides, and you compare any offer by total cost before choosing. Partners make credit decisions and set rates and terms; accepting an offer is always your choice.
Step 1: Tell us the cost and the timing
Call (970) 235-9991 or send the short request form. The first conversation is about purpose: what the money pays for, roughly how much, how soon, and how your revenue comes in. No documents are needed yet. If the honest answer is that funding will not help, for example because the business is losing money every month, we will say so.
Step 2: We shortlist funding types and partners
The purpose usually rules out most of the six types. A machine points to equipment financing; a timing gap to working capital or a line of credit; stock to inventory financing; a project to a term loan. We explain the shortlist, then take the request to lending partners that offer those types.
Step 3: A partner underwrites and decides
Underwriting is the partner's review. Most partners look at the same core questions:
- Does the business bring in enough, regularly enough, to carry the payments? Bank statements answer most of this.
- What does the credit history of the business and its owners show?
- What debts and liens already exist?
- Is the business in good standing in state records? The Colorado loan guide shows where to check.
- Is there collateral, and will the owners sign a guarantee?
The partner may ask for more documents, and it alone decides whether to make an offer and on what terms.
Step 4: You compare and decide
Receiving an offer commits you to nothing. Before accepting, put every offer into the same terms: total of all payments, how often payments are taken, what is pledged as collateral or backed by a guarantee, what early payoff costs, and what counts as default. We go through each of those with you. Then you decide.
Broker or lender: who does what
| Task | Snowvale Business Capital (broker) | Lending partner | You |
|---|---|---|---|
| Explaining funding types | Yes | Sometimes | Ask questions |
| Reviewing documents and credit | No | Yes | Supply them |
| Approving or declining | No | Yes | No |
| Setting rates and terms | No | Yes | Negotiate if you can |
| Accepting an offer | No | No | Yes |
Reading an offer: rate, APR, factor rate and total cost
Loans are usually quoted with an interest rate and often an annual percentage rate, which expresses yearly cost including certain charges. A merchant cash advance is not a loan and is usually quoted with a factor rate, a multiplier applied once to set the total remitted. These figures are not directly comparable. The one number every offer can be reduced to is the total cost in dollars over the expected time, which is why we put that number first.
Signs an offer needs a second look
- being hurried to sign before the full contract has been read;
- talk of approval, amounts or pricing before anyone has looked at the business;
- a request for payment up front before any offer exists;
- terms that differ from what was discussed, or blank spaces in the contract;
- a funder that will not state the total you would repay or remit.
By Snowvale Business Capital · Updated