Driftwater Loans is a funding broker in Fort Myers, Florida, not a lender. Funding partners make every credit decision and set every rate and term.
Driftwater Loans' Role in a Funding Request
Driftwater Loans is a broker, not a lender. It puts up none of its own money, makes no credit decisions and sets no rates or terms. It takes requests by phone and online form and matches them with funding partners.
Partners that receive a request decide independently whether to make an offer and on what terms.
How Partners Decide and Make Offers
Each partner reviews requests under its own criteria and may ask for records. Offers, if any, come in writing from the partner. Driftwater cannot promise that any request will receive an offer, and a request does not oblige you to accept one.
Merchant Cash Advances Are Not Loans
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 set by a factor rather than an interest rate.
Where Request Details Go
Information you give on the request 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.
Five Points to Check in Any Offer
- The total amount paid back or remitted, with every fee included.
- The payment schedule and how it fits 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: the factor, the holdback or fixed debit, and any reconciliation rights.
Questions About These Disclosures
Call (239) 453-0635, or see the contact page.
By Driftwater Loans · Updated