Cobbleview Loans, a small-business funding broker in Frederick, Maryland, answers common questions here: whether it lends (it does not), which places it serves, whether owners can pay themselves from business funding, why a personal loan is a poor substitute, how LLCs apply and why a merchant cash advance is not a loan.
About Cobbleview Loans
Does Cobbleview Loans lend money?
No. Cobbleview Loans is a broker, not a lender. Lending partners review requests, decide and set every term.
Where is Cobbleview Loans?
At 231 MD-355, Frederick, MD 21701, in Frederick County. Phone (240) 834-9465.
Which Maryland towns does Cobbleview work with?
Businesses in Frederick, MD and nearby Maryland towns such as Walkersville, Middletown, New Market, Jefferson, Monrovia and Brunswick, by phone and online.
What will you not arrange?
Personal, payday, auto title, mortgage and SBA loans, grants, and funding for agriculture or trucking. Cobbleview works in English and no other language.
Using business funding
Can a business loan pay the owner?
Partners fund the business's needs. Paying yourself through regular payroll or draws from business income is normal, but borrowing specifically to fund an owner's personal spending is not what business funding is for, and partners may ask how the money will be used.
What about a personal loan for the business?
A personal loan puts the debt in your own name and on your personal credit, and its size usually reflects your personal income, not the business's. Business funding is judged on the company's records, though Frederick County owners are often asked for a personal guarantee as well.
Can an LLC qualify?
Yes. LLCs, corporations, partnerships and sole proprietors can all apply. See how a request moves for what an LLC usually provides.
Merchant cash advances
Does Cobbleview treat a merchant cash advance as a loan?
No. A merchant cash advance is not a loan. It is a purchase of future receipts, collected through a holdback or remittance. The merchant cash advance page covers holdbacks, factor rates and stacking.
Why would a business choose one?
Some businesses with steady card sales accept the higher cost in exchange for collections that move with sales, or because they do not qualify for a loan. Compare the total cost first.
The request itself
Which fields sit on Cobbleview's online form?
Full name, phone, email and business name, then three pick-lists (how long you have been in business, an annual revenue range, the amount you are requesting) and a consent tick. Cobbleview asks what the money is for once it rings you.
Who decides, and how fast?
A lending partner decides on its own timeline. We cannot promise approval, amounts, rates or dates.
Where can an owner read up before ringing MD-355?
The guides page has Maryland and Frederick County guides and a kitchen equipment calculator.
By Cobbleview Loans · Updated