Oceanline Loans, a small-business funding broker in Idaho Falls, Idaho, at 379 A St, helps owners compare six funding types and introduces their requests to lending partners. It is a broker, not a lender: it does not lend, approve or price. Lending partners make credit decisions and set rates and terms.
A broker, not a lender
Oceanline Loans is a broker, not a lender. The name contains the word Loans because loans are a common way to fund a business, but we do not lend our own money, we do not approve or decline applications, and we do not set prices. Oceanline Loans connects you with lending partners; partners make credit decisions and set rates and terms.
What a loan broker does
A business loan broker sits between the owner and the lenders. The useful part of that job is translation. Lenders describe their products in their own vocabulary: advance rates, draw periods, factor rates, holdbacks, curtailments. Owners describe their needs in terms of the job: a crew to pay, a cooler to replace, a slow month after a big one. We connect the two, so that a request reaches a lender whose product matches what the business needs, and so that the owner understands what is being offered.
A lender, by contrast, takes the credit risk. It reviews the business, decides whether to fund, sets the terms and collects the payments. That difference, broker versus lender, matters when something goes wrong: questions about an approval, a payment or a contract term go to the lender, because the lender holds the agreement.
Our lending partners and how requests reach them
We work with a group of lending partners that offer different products, from term loans and lines of credit to equipment financing and merchant cash advances. Their approval standards differ from one partner to the next. When a request fits a partner's product, we pass it on with your permission, and the partner reviews it independently.
What we will not do
- Tell you in advance that a partner will approve, or what it will offer, charge or take to decide. Only a partner knows those things.
- Let a merchant cash advance pass as a loan in conversation.
- Arrange personal, payday, title or home loans.
- Ask for Social Security or bank account numbers over plain email or text messages.
- Push you toward signing anything.
Where we are
Our address is 379 A St, Idaho Falls, ID 83402, in Bonneville County, and the phone number is (208) 439-0387. Owners can reach us by phone or through the online request form, including owners in Shelley, Rigby and other towns in Bingham and Jefferson counties. The contact page has the details, and the Idaho Falls, ID page gathers public business data and free local help.
Read more before you call
How a request moves describes the four steps, and the broker disclosures set out the relationship between you, us and the lending partners.
By Oceanline Loans · Updated