FAQs about Westwood Funding
Q: What is Westwood Funding?
A: Westwood Funding claims to offer business financing up to $3 million. The company states they can provide interest-only loans, merchant cash advances, MCA consolidation, unsecured lines of credit, asset-based lending, invoice factoring, commercial real estate loans, and term loans. The company says they can work with industries such as trucking, car lots, salons and spas, construction, medical offices, liquor stores, hospitality, and auto repair.
Q: Why would a business work with Westwood Funding?
A: The company claims to offer hassle-free funding within 48 hours. Business owners can also be pre-approved online making it easy to get these loans.
Q: How are merchant cash advances repaid?
A: A business will guarantee a portion of their sales to the creditor, such as Westwood Funding, on a daily, weekly, or monthly basis. Because of this payment frequency, APRs and interest are generally incredibly high and are higher the more successful the business is during the loan term.
Q: Where is Westwood Funding located?
Emerald Hills Executive Plaza
4601 Sheridan Street Suite 205
Hollywood, Florida 33021
135 Madison Ave 7th Floor
New York, New York 10016
68 S Service Road Suite 100
Melville, New York 11746
11-13 Sunflower Avenue 1st Floor
Paramus, New Jersey 07652