This page collects short answers for Tippecanoe County business owners about what Ambercroft Business Capital, a small-business funding broker in Lafayette, Indiana, does and does not do, how funding types differ, what partners usually ask for, and where to read more. Nothing about approval or price is decided on N 6th St; partners decide.
About Ambercroft Business Capital
Is Ambercroft Business Capital a lender?
No. Despite Capital in the name, it is a broker. Lending partners decide and set terms; see how a request works.
Where is the office?
On N 6th St: 103 N 6th St, Lafayette, IN 47901, Tippecanoe County, Indiana. Phone (765) 224-5060.
Which businesses do you work with?
Businesses in Tippecanoe County and nearby counties, including contractors, restaurants, medical and dental practices and retailers. Farm and trucking requests are outside our scope.
Do you offer consumer loans?
No. We leave personal, payday, title and mortgage borrowing to others.
Choosing funding
Can an Indiana LLC qualify for a business loan?
Yes. An LLC is a common borrower. Partners usually still review the owners' credit and ask for a personal guarantee.
Why not just take a personal loan for the business?
It mixes personal and business debt and may not suit a business purpose. A business product keeps the obligation with the company, though a guarantee is still common.
Can loan proceeds go into my own pocket as the owner?
Usually not directly. Most agreements limit proceeds to business purposes; owner draws come from profits. Check the use-of-proceeds clause.
Would an advance on future sales be treated as a loan?
No. It is a purchase of future receivables; see how merchant cash advances work.
Applying
What does the online form ask?
Full name, email, phone and business name, then a choice from three lists (time in business, annual revenue, amount requested) and a consent tick. The purpose comes up when we ring you.
What documents will a partner want?
Commonly recent bank statements, and depending on the product, tax returns, financial statements or a seller's quote.
Will you tell me my approval chances before I apply?
No. Each partner decides using its own criteria.
Do you publish rates?
No. Rates and terms come only from lending partners and depend on their review.
Indiana and local questions
Will a partner check my Indiana business record?
Often, yes. Partners may confirm the entity exists and is current; see the guide shelf for the Indiana entity record guide.
Where can I get free advice in Greater Lafayette, Indiana?
Free advising options are listed in our Greater Lafayette resources guide, and longer answers to owner questions are on the Ambercroft blog.
By Ambercroft Business Capital · Updated