Frostdale Advances, a small-business funding service in Monroe, Louisiana, handles a request in four steps: the owner describes the expense by phone or online, Frostdale lists the documents that fit the funding type, funding partners review the request and decide, and the owner compares any offer and chooses whether to accept. No offer is binding until the owner signs.
The role Frostdale plays
Frostdale Advances is a broker, not a lender. It does not lend its own money and does not decide who is approved. Frostdale Advances connects you with lending partners; partners make credit decisions and set rates and terms. That means the first conversation is about fit: which funding type matches the expense, and which partners consider that kind of request.
Step 1: put the cost into one sentence
Phone (318) 257-0748, or start the online request yourself. The form asks for your full name, phone number and email, a company name if you want to give one, and three required choices: time in business, an annual revenue range and a requested amount range, followed by a consent checkbox. A sentence about what the money is for is enough at this stage.
Can't tell which of the six suits the cost? The six funding types compared page sets them side by side.
Step 2: gather the documents for that funding type
What partners commonly read depends on the funding type, but the same core applies to most funding types:
- Three to six recent months of business bank statements
- A recent profit and loss statement, or the last business tax return
- Time in business and ownership details
- For equipment: the quote or invoice
- For inventory: supplier quotes and sales records
- For card-sale advances: card processing statements
What do banks look at for a business loan? Broadly the same things, often with more weight on tax returns, collateral and credit history. The requirements for getting a business loan are set by each partner, and none is published as a fixed threshold.
Step 3: partners read the file
Partners read the request under their own criteria. Some reply with an offer, some ask for more documents, and some decline. Frostdale cannot promise an approval, an amount, a rate or a timeline, because those are each partner's decisions.
Step 4: the yes or no stays with you
If an offer arrives, read it in full: the amount, the payment schedule, the total cost, any security or personal guarantee, and any prepayment terms. Compare it with the alternatives. Accepting is optional; you can decline any offer. For a merchant cash advance, remember it is not a loan, and compare its fixed total with what a loan would cost.
Getting a Louisiana business ready before the request
- Keep business and personal accounts separate
- Bring local records up to date, such as your occupational license
- Know the full cost of what you are buying, with quotes
- Decide how much payment a slow month can carry
- List existing debts and liens
Common questions are answered on the FAQ page, and local figures are on the Monroe, LA city page.
By Frostdale Advances · Updated
