Disclosures

We are not a bank, not a lender and not a funder. We do not make credit decisions. We do not set factor rates, terms, fees or the size of an advance. We do not decide whether your file is approved or declined, and we cannot overturn a decision a funding company has made.

What we do is narrower and worth stating exactly: we take your information, prepare a file, present it to funding companies whose criteria it appears to fit, explain any offer that comes back in total dollars, and press for better terms where there is room to press. The funder underwrites. The funder prices. The funder funds.

There is no interest rate. Nothing accrues and nothing compounds. The amount is fixed the moment you sign: an advance multiplied by a factor rate, currently 1.20 to 1.50 across the market we place into. Holding the money for longer does not make it cost more, and early payoff attracts a discount rather than a penalty.

There is no APR, by construction. An APR annualizes the cost of borrowed principal over time. A receivables purchase has no principal and no rate to annualize, so any APR you see attached to an advance is a figure someone has constructed afterwards for comparison. It can be a useful comparison. It is not a term of the transaction, and we will not present one as though it were.

Some protections that attach to loans do not apply. Interest-rate caps, usury statutes and consumer-credit law (the disclosure regimes built for consumer borrowing among them) are generally written for loans and for consumers. This is a commercial transaction with a business, and it is not a loan, so those rules largely do not reach it. What governs your obligations is the contract the funding company puts in front of you, plus whatever commercial-financing law your state applies. That places more weight on you reading the agreement than a bank product would, which is precisely why we quote totals rather than rates.

Either form may apply, or both, and the arrangement differs by funding company and by file. We do not publish a percentage here because there is no single percentage to publish, and printing a number that is not the number on your transaction would be worse than printing none.

Read what that structure means rather than what it sounds like: money paid to us by a funder is not free money. Points and spread are both part of the price of the transaction, and a larger advance or a higher factor can mean more compensation for us. That is a conflict of interest. We would rather you read it here, in plain type, than work it out afterwards. It is also why we publish the full cost of an advance, tell you when the answer is no, and quote the total dollars you would repay instead of the rate that flatters us.

It does not know your deposits, your existing obligations, your industry or a funder’s appetite this week. Actual terms come from underwriting, and they are set by the funding company. The bank comparison shown alongside it uses a representative amortizing rate of 9% APR purely as a reference point; Atlas Business Capital is not a bank and does not offer bank products.

This site is operated from Switzerland and arranges merchant cash advances for businesses in the United States and the United Kingdom. Any agreement to purchase your future receivables is between you and the funding company that makes the advance, not with Atlas Business Capital and not with Veilon AG. Our name will not appear on that contract as a party to it.

We have never traded under any other name, and any material you may see using a different name for this business did not come from us.

Where a state requires one, that disclosure is prepared and provided by the funding company presenting the offer, alongside the offer itself. It typically sets out the amount you would receive, the total you would repay, the finance charge, the estimated term, the payment schedule and an estimated annual rate for comparison. You should receive it before you sign anything, and you should read it against the offer.

Two things to hold in mind when you do. An estimated annual rate shown in a state disclosure is a statutory comparison figure. It exists so that you can measure one financing product against another, and it is not an interest rate charged on the transaction, because there is none. And the disclosure describes the funder’s offer; our compensation on that offer is covered above, and we will state it if you ask.

Some states also register or license the brokers who arrange commercial financing. We confirm our registration position for a state before accepting a file from a business located there, and we decline files from states where we are not permitted to act. If you want to know our position in your state before you send us anything, ask and we will tell you.