Home/Disclosures
Disclosures
Last updated:
Our role
Sparks Family Finance, LLC, trading as Sparks Family Finance, is a broker of commercial financing. We are not a lender. We do not make credit decisions, we do not fund transactions with our own capital, and we do not set the terms of any financing offered to you. We introduce business owners to the lenders and lending partners in our network and assist with the application. Each financing agreement is between you and the lender, and the lender’s own terms and disclosures govern it.
How we are compensated
We are paid by the lender when a transaction funds, typically as a percentage of the amount financed. You pay us no direct fee: there is no charge to apply, to have your file reviewed, or to receive offers, and if a transaction does not close you have paid nothing. Because our compensation varies by lender and product, we disclose the compensation associated with each offer at the time we present it, so you can see it alongside the cost of the financing itself.
We do not accept compensation for introducing you to a residential mortgage lender, and we do not originate residential mortgage loans.
Licensing and registration
Commercial financing brokers are not licensed at the federal level. Some states require brokers or lenders of commercial financing to be licensed or registered, and the requirements differ from state to state. We accept applications only from states in which we are permitted to operate, and any state licence or registration numbers we hold will be listed here and in the footer of this website as they are issued. If you are unsure whether we can work with a business in your state, ask us before you apply.
Commercial financing disclosure laws
A number of states — including California, New York, Utah, Virginia, Georgia, Florida, Connecticut, Kansas, and Missouri — require that a small business receive a standardized written disclosure of the total cost of financing, including total dollar cost and, in some states, an annualized rate, before signing a commercial financing agreement. Where one of these laws applies to your transaction, that disclosure is delivered to you with the offer and before you sign anything. We will not ask you to sign a financing agreement without it.
Rates and terms shown on this website
All amounts, rates, factor rates, fees, terms, and funding timelines on this website are typical market ranges shown for general comparison. They are not offers, quotes, or pre-approvals, and they do not constitute a commitment to lend. Actual terms are determined by the lender following underwriting and may differ materially from anything shown here. Minimum and maximum funding amounts, rates, fees, terms, and collateral requirements are subject to each lender’s guidelines and may change without notice.
Credit authorization
By submitting an application, you authorize Sparks Family Finance and its lending partners to obtain business and personal credit reports and to verify the information you provide. We begin with a soft inquiry, which does not affect your personal credit score. A hard inquiry occurs only after you authorize a specific offer, and the lender making it will tell you before it does.
Contact and communication consent
By providing a phone number and email address on one of our forms and checking the authorization box, you give Sparks Family Finance, its agents, and its service providers your express consent to contact you at that number and address about your inquiry and your application, including by calls and emails placed using automated technology, even if your number is on a corporate, state, or national Do Not Call list. Consent is not a condition of any purchase or financing. You may withdraw it at any time by emailing a do-not-call request to info@sparksfamilyfinance.com or by telling us on a call. Calls may be recorded for quality and training purposes.
Text messages are separate: we send them only if you opt in by checking a distinct, unchecked box on our application form. Message frequency varies, message and data rates may apply, and you can reply STOP to opt out or HELP for help at any time. Full terms are in our Terms of Service. We keep a record of every consent you give us, including the wording you agreed to and when.
Equal credit opportunity
The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. These protections apply to business credit. The federal agency that administers compliance with this law concerning Sparks Family Finance is the Federal Trade Commission, 600 Pennsylvania Avenue NW, Washington, DC 20580. We place every file on the basis of the business’s financial profile and nothing else.
Your information
How we collect, use, share, and protect the information you give us — including the fact that we share your application with the lenders we approach on your behalf and do not sell it to anyone — is set out in our Privacy Policy.