Financing Disclosures

Nature of LendPoint financing

LendPoint provides revenue-based financing, also known as a merchant cash advance (MCA), to qualified small businesses. LendPoint financing is structured as a purchase of a fixed dollar amount of future business revenue, not a loan. The cost is expressed as a factor rate applied to the funded amount, not as an annual percentage rate (APR).

How factor rate works

Funded amount:$100,000

Factor rate:1.32

Total receivables purchased:$132,000

Cost of capital:$32,000

Estimated term:12 months

Weekly ACH (estimated):~$2,538/week

The factor rate is fixed at the time of agreement. The total amount remitted does not change. The estimated term is a projection based on typical revenue patterns; actual term varies with business performance.

State-specific commercial financing disclosures

Truth-in-Lending Act applicability

Personal guarantees

Most LendPoint agreements require a personal guarantee from one or more business owners. The terms of the personal guarantee are described in the executed agreement.

UCC filings

LendPoint may file a UCC-1 financing statement against the business in connection with a funded agreement. The filing is released upon completion of the agreement.

State licensing

LendPoint operates as Lend Point LLC, a Delaware limited liability company and is licensed or registered as required in the states where it conducts business.

Contact

Questions about disclosures or licensing:
LendPoint, 8 The Green, Ste B, Dover, DE 19901
office@lendpoint.io
(302) 408-7941