Eastcrest Financial, of Gulfport, MS, passes business funding requests to independent funding partners and does not lend. Whether an offer is made, and its amount, cost and terms, is up to the partner looking at the request.
How work on a request is split between Eastcrest Financial and its funding partners.
Eastcrest Financial's place between an owner and a funding partner
Eastcrest Financial makes no credit decisions and pays out no funds. Its work is to hear what the money is for, pair the cost with a funding type and forward the request to funding partners. A partner can say no, and any yes comes on that partner's paper and terms, not Eastcrest's.
Card-sales advances are purchases of future receipts, not loans
A merchant cash advance, called a business cash advance on this site, is not a loan. For a set price the provider acquires part of the business's coming card receipts; a factor states the cost, and a fixed percentage of each day's card batch goes to the provider until the purchased total is reached.
Invented figures and Census counts on Eastcrest pages
Payment, cost and payroll examples use invented figures, carry the label "Illustration only, invented figures" and are not quotes or estimates of what any funding partner charges. Business counts come from U.S. Census Bureau programs, cited with the program and the year.
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