Oceanreach Capital Group is a loan broker and does not lend. Funding partners review each request and set any terms. Worked examples on this site use invented figures.
Oceanreach Capital Group places requests; funding partners do the lending
Oceanreach Capital Group is a loan broker in Ashland, OH and not a lender. It does not lend money, make credit decisions or set rates or terms. It takes a funding request by phone or through the request form and passes it to funding partners.
Each funding partner runs its own review and gives its own answer
Every funding partner reviews a request under its own standards. During that review a partner may check business or personal credit, may ask for documents and may decline. Approval, the amount, the rate or factor, the term and every fee are set by the partner, and nothing on this site promises any of them.
How an Oceanreach advance differs from a loan
A merchant cash advance is not a loan. A provider buys a share of a business's future card sales at a discount and collects it as an agreed share of each day's card batches until the full purchased amount has come in. Its cost is shown as a factor, not an interest rate.
How the dollar figures on these pages were made
Figures with a source and a year come from the U.S. Census Bureau program named beside them, for the county, ZIP Code or city named with each figure, and "our arithmetic" marks values worked from those figures. Every loan amount, rate, term, payment and price in a worked case is invented to show the arithmetic, and each case is labeled that way.
Costs and businesses Oceanreach Capital Group leaves out
Oceanreach Capital Group does not arrange startup or SBA loans, real estate purchases or building construction loans, factoring, or personal or consumer loans, and it does not arrange funding for trucking companies or agricultural operations. Contractors and builders are not excluded: their equipment, payroll and supply costs are within scope.
By Oceanreach Capital Group ยท Updated