Transparent is a debt placement agent, not a lender. We do not fund loans, purchase receivables, or make credit decisions. All financing is provided by third-party lenders, funders, and factors, each of which makes its own independent credit decision and sets its own terms. Transparent charges no fee unless a facility closes, at which point a success fee on the facility is due under a written engagement agreement entered into before we approach any lender. The rate is set out in that agreement and agreed with you before it is signed. On SBA transactions Transparent's compensation is governed by SOP 50 10 8 and is paid by the lender, not the applicant. Where compensation is received from a lender or funder, it is disclosed to you in writing: on SBA Form 159 for SBA transactions, and alongside your term sheet before signature on every other transaction.
Not affiliated with the U.S. Small Business Administration. Transparent is not affiliated with, endorsed by, sponsored by, or acting on behalf of the SBA or any government agency. References to SBA 7(a) and 504 describe loan programs offered by SBA-participating lenders.
No guarantee of financing. Submitting a file is not an application for credit and does not guarantee an offer. A bankability memo is our own assessment — not a commitment to lend, a credit decision, or an approval.
Transparent is a trade name of Transparent Capital LLC, a New Jersey limited liability company. 971 US-202 Ste A, Branchburg, NJ 08876. Transparent is not a licensed lender and does not make credit decisions; licensing requirements for loan brokers vary by state.