Deltagrove Loans in Brownwood, TX: The Plain Disclosures Behind Each Request

Deltagrove Loans is a broker. It takes a business funding request by phone or through the request form and passes it to independent funding partners. It does not lend money, does not provide merchant cash advances and does not decide whether a request is approved. The office address and phone line on this site belong to Deltagrove, not to any partner.

Each funding partner reviews a request under its own standards and decides whether to make an offer at all; no partner is obliged to make one. The amount, rate or factor, term, fees, collateral and payment or collection schedule in any offer are set by that partner and written into its agreement. A partner may check business and personal credit during its review. Read the whole agreement before signing, and ask the partner about any term that is unclear.

Worked examples on this site use invented amounts, rates and terms to show the arithmetic, and each one is labeled as an example. Calculator results are estimates built only from the numbers typed in. Neither one is a quote, an offer or a sign of what a partner might charge a particular business. Census figures on the site carry their source and year.

Five of the six products on this site are loans, lines of credit or equipment finance agreements, each with a rate and a term. The merchant cash advance works differently: a provider buys a share of a business’s future card sales at a discount and collects it as a percentage of those sales, and its cost is stated as a factor rather than an annual rate. Providers set the factor and the holdback.

Requests to buy or refinance real estate and building construction loans are outside this site. So are farm and ranch operations, trucking companies, consumer and personal needs, and businesses that are not yet operating. Work on the building a business occupies is property work and stays outside this site as well.