Snowleaf Financial is a business funding broker in Owatonna, MN. It does not lend money, set terms or approve requests; funding partners do all three. The sections below spell out what that means for anyone using this site.
Five points: the broker role, partner decisions, merchant cash advances, the numbers on these pages, and what this site does not handle.
The part Snowleaf Financial plays between an Owatonna, MN business and its funding partners
Snowleaf Financial takes a business funding request by phone or through the request form, talks through the need and passes the request to one or more third-party funding partners. It is a broker, not a lender: it does not lend money, hold funds for a business or make credit decisions. A business can always apply with any lender directly instead.
Each funding partner sets its own terms, cost and decision on a Steele County, MN request
Every rate, fee, term, collateral requirement and approval belongs to the funding partner that reviews the request. Partners can ask for documents, check credit during their own review, make an offer or decline. No outcome, amount or timing is promised by Snowleaf Financial, and an offer from one partner says nothing about what another would do. Read every agreement in full before signing, and ask the partner to explain any cost in dollars.
Merchant cash advances on this site are sales of future card receipts
A merchant cash advance is not a loan. A provider buys a share of a business’s future card or bank receipts for a lump sum now and collects that share until a fixed total is reached. The cost is set as a factor, not an interest rate, and providers, not Snowleaf Financial, set the factor, the collection share and every other term.
Census figures, invented examples and calculator results on Snowleaf Financial pages
Business counts, payroll and self-employment figures come from U.S. Census Bureau programs (County Business Patterns, ZIP Code Business Patterns, Nonemployer Statistics, the American Community Survey and the Building Permits Survey) and carry their place and year. Worked examples are labeled as invented figures and are not offers or quotes. The calculator runs arithmetic on the numbers typed into it and sends nothing anywhere; its results are estimates, not terms.
Businesses and funding types this Owatonna, MN site leaves out
Requests for startups that have not opened, SBA loans, personal, consumer or home loans, and funding for agriculture or trucking businesses are not passed to partners through this site. Nothing on these pages is legal, tax or accounting advice; questions of that kind belong with the business’s own advisers.
By Snowleaf Financial · Updated