Plumbend Lending Group, based in Lincolnton, NC, is a broker: it passes business funding requests to funding partners and makes no funding decisions itself. This page states that role, its limits, and the sources behind the site's figures.
Plumbend Lending Group is a broker, not a lender. Funding partners make every decision on approval, amount, rate and term. A merchant cash advance is not a loan. Census figures carry their source and year; dollar examples are invented.
A broker's desk on the request side, with no money of its own in any offer
Plumbend Lending Group is a business funding broker, not a lender. It talks a request through with the owner and passes it to funding partners: lenders, lessors and merchant cash advance providers. No Plumbend money goes into any offer, and Plumbend makes no credit decision on any request.
Yes or no, amount, rate and term: four decisions only a funding partner makes
Whether a request receives an offer, how large it is, the rate or factor and every other term are for the funding partner to decide. Nothing on this site is an offer of credit or a promise that a request will be funded. A partner may check credit and may ask for records during its review, and any offer comes from that partner under its own terms.
The one product here that is not a loan: the merchant cash advance
A merchant cash advance is not a loan. The provider pays a lump sum for a share of the business's future card sales and collects that share from daily or weekly card deposits until an agreed total is reached. Its cost is set by a factor, not an interest rate, and the provider, not Plumbend, sets the factor and the holdback.
Where each figure on a Plumbend page comes from, and which ones are invented on purpose
Two kinds of numbers appear on Plumbend pages. Counts of businesses, payrolls, housing permits and self-employment shares are taken from U.S. Census Bureau tables (County Business Patterns, ZIP Code Business Patterns, Nonemployer Statistics, the Building Permits Survey and the American Community Survey), and each carries its source and year. Every dollar amount in a worked example is made up for the illustration and labeled that way; the payments in those examples are arithmetic, not quotes from any partner.
Businesses, uses and requests this site leaves out
Left out entirely: startups that have no revenue yet, trucking and freight hauling, agriculture, buying real estate, building construction loans, work on a building or its grounds, and personal or household credit. Home builders and trade contractors are not excluded; they can request equipment or working capital, just not a loan to put up a building.
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