Fieldstone Lending, a small-business funding broker in Gillette, Wyoming, can connect Campbell County businesses with funders that purchase future card or bank receipts. A merchant cash advance is not a loan: the funder buys part of your future receipts at a discount and collects through remittances. Funders decide and set every term.
| Legal form | Future receivables bought at a discount; never a loan |
|---|---|
| Cost measure | Priced by a factor rather than interest |
| Collected by | Remittances, often a holdback of receipts |
| Eating places in the county | 83 eating places with payroll (CBP 2023) |
| Retail employers in the county | 177 establishments (CBP 2023) |
| Decision | The funder's |
An advance, defined plainly for Gillette, WY owners
A merchant cash advance is a sale. The business sells a fixed amount of its future receipts to a funder for a smaller sum paid now. The funder collects what it bought through remittances, usually a set share of daily card or bank receipts, or a fixed debit the agreement ties to an estimate of those receipts. Because it is a purchase of receivables, an advance is not a loan and is never described here as one.
The factor and the total you remit
The cost of an advance is set by a factor. Multiply the amount advanced by the factor to get the total receipts sold. A labelled example with made-up numbers, not an offer: $20,000 advanced at a factor of 1.30 means $26,000 of future receipts is sold, so the cost is $6,000.
That $6,000 does not change with time the way interest does, so a quick collection makes the effective cost far higher than the same factor collected slowly. Ask the funder for the estimated collection period and the total, both in writing.
The holdback and remittance
Holdback names the slice of daily receipts that goes to the funder. If the agreement uses a 10 percent holdback and the business takes $2,000 in card sales on a given day, that day's remittance is $200. A fixed-debit agreement instead collects the same amount every business day, based on an estimate of receipts.
Ask whether the agreement allows reconciliation, meaning an adjustment of remittances if receipts fall, and how to request it.
Who weighs an advance in Campbell County, WY
Advances are mostly considered by businesses whose revenue arrives by card: restaurants, shops and some service firms. In 2023 Campbell County counted 83 restaurants and other eating places with employees, beside 177 retail employer establishments (U.S. Census Bureau, County Business Patterns 2023). Many of those owners will be better served by working capital on a fixed schedule; the advance is worth comparing, not assuming.
When an advance belongs in the comparison
An advance tends to come up when most revenue arrives by card, the need is immediate, and other structures have been declined or would take documents the business does not yet have. Remittances that rise and fall with daily receipts can ease the strain in a slow week, if the agreement truly works that way.
It is worth walking away when the remittance would take more of daily receipts than the business can spare after wages and suppliers, when an earlier advance is still being collected, or when the funder will not state the total in writing.
Stacking and default
Stacking describes layering a second advance on top of one still being collected. Combined remittances can take a large bite of daily receipts, and many agreements prohibit it. Read the default clause too: it says what the funder may do if remittances stop.
A checklist for reading an advance agreement
- The amount advanced and the total receipts purchased, in dollars.
- The holdback percentage, or the fixed daily debit and how it was set.
- How to request reconciliation if receipts fall, and how fast it is processed.
- Whether any amount is withheld from the advance up front.
- Restrictions on other funding while the advance is outstanding.
- What counts as a default, and what the funder may do then.
If any item is missing or unclear, ask before signing. A funder that will not answer in writing has answered anyway.
Compare before you sign
Put any advance next to the other five structures on the comparison page. Sector notes for restaurants and retail are on the sector page, county figures on the Gillette, WY page, and the questions to ask any funder appear in how a request moves.
By Fieldstone Lending · Updated
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