Disclosures | tsmartcash

Please read these disclosures before using our calculators or asking for an offer. They explain what our estimates mean and who provides each type of financing.

General disclosures

Calculator results, ranges and examples on this site are estimates for illustration only. They are not offers, commitments to lend or fund, or approvals.
All final terms, including amounts, costs, fees, payment schedules and eligibility, are set by the funder or lender that makes an offer, and only after it reviews a complete application.
tsmartcash may provide certain financing directly or arrange it through third-party funders; the provider is identified in each offer.
Eligibility, documentation and requirements vary by product, funder or lender, state and individual circumstances. Not every applicant or business will qualify.
Being an ITIN holder is not the same as being a foreign national. An ITIN is a U.S. tax-processing number. It can be held by U.S. residents and non-residents, and it does not by itself determine immigration status. Requirements can differ between ITIN holders, foreign nationals and other applicants.
Nothing on this site is legal, tax, accounting or investment advice. Consult qualified professionals about your situation.

Merchant cash advance (MCA)

A merchant cash advance is a purchase of a portion of a business’s future receivables (for example, card or bank deposits) at a discount. It is not a loan.
A factor rate (for example, 1.30) sets the total amount to be remitted relative to the amount funded. A factor rate is not an interest rate and cannot be compared directly with one.
Any "estimated annualized cost (illustrative)" shown on this site is computed from an assumed payment schedule and assumed inputs. It is not an APR and not a regulatory disclosure. Your actual cost depends on how quickly the receivables are actually collected.
Collections may vary with your sales. Remittances are typically a percentage of receivables or an estimated fixed amount subject to reconciliation, as described in the funder’s agreement.
Some states (for example, California, New York and others) require commercial financing disclosures. Where required, the funder will provide them with any offer.

International mortgage (1–4 unit residential)

International mortgage information on this site relates to 1–4 unit residential properties.
tsmartcash is not a mortgage lender, and it does not take consumer mortgage applications or make credit decisions on them.
Consumer mortgage applications are handled by a licensed mortgage partner. That partner’s NMLS information is provided before any application.
The mortgage calculator shows estimated payments based on the rates and other inputs you enter. It is not a rate quote, a rate lock, a pre-approval or a Loan Estimate.
Equal Housing Opportunity.

Hard money loans

Hard money loans referenced on this site are for business purposes or investment property only. They are not for personal, family or household purposes, or for an owner-occupied primary residence.
These loans usually carry origination points, lender and third-party fees (for example, appraisal, title and legal), and may carry extension fees if the loan is not repaid by maturity.
Estimates assume the purchase price, loan-to-value, rate, points, term and other inputs you enter. They are not quotes. The lender sets the actual terms after its underwriting and valuation.

Refinance & construction

Refinances of owner-occupied residential property are consumer mortgage transactions. They are handled by a licensed mortgage partner, not by tsmartcash, and that partner’s NMLS information is provided before any application.
Refinance and construction estimates on this site are not a rate quote, a Loan Estimate or a commitment to lend.
Any as-completed (after-repair or after-construction) value is an estimate until a licensed appraiser completes an appraisal. Loan amounts based on that value may change after the appraisal.
Construction draws, inspections, budget overruns and timeline delays affect the total cost. Draw and inspection fees, extra interest and extension costs may apply.
Payments during construction are typically interest-only. Principal is due later, when the loan is refinanced, converted or repaid.
Equal Housing Opportunity.

Invoice factoring

In invoice factoring, a factor buys your eligible invoices. It typically pays an advance (a percentage of the invoice value) up front and holds the remainder as a reserve.
When your customer pays the invoice, the factor releases the reserve minus its fees. Fees may depend on how long the invoice stays outstanding and on other charges set out in the factoring agreement.
With recourse factoring, you remain responsible if your customer does not pay. With non-recourse factoring, the factor takes on certain credit risks defined in the agreement, typically a customer’s insolvency.
Non-recourse terms do not cover every risk. For example, they typically do not cover commercial disputes over the goods or services, short payments, or invoices that turn out to be ineligible.
Estimates on this site assume the advance rate, fee and days outstanding you enter. Actual terms are set by the factor.