Flintrun Lending Group in Champaign, Illinois describes how a funding request moves: what the first call covers, how the request is shaped around the cost, what a funding partner reviews, and where your own decision comes in.
How to Get a Merchant Cash Advance? An Example With a Champaign, IL Dental Office Cabinetry Project
Suppose a dental office has a cabinetry quote and also holds an advance offer from a card processor. The first call sorts out what the money is for. Cabinetry lasts for years, so an equipment loan is usually the first thing to price; an advance would be collected from card sales, and a dental office takes much of its income from insurers rather than cards.
If an advance still makes sense, the provider asks for recent card processing and bank statements, sets a factor and a holdback, and collects from batches. The merchant cash advance page explains the math with invented figures.
How to Apply for a Line of Credit? An Example With Exam-Room Equipment in Champaign, IL
A practice buying exam-room equipment and wanting a line for claim gaps describes both on the first call. The request then carries two parts: the equipment quote for a loan, and a short note on how long claims usually take to pay, for the line. A partner reviews bank statements, the latest tax return and the quote, and may ask for an accounts receivable aging report.
Some partners answer both parts; some only one. Either way, the offer comes back with its own rate, fees and limit to compare.
How to Apply for a Business Line of Credit? An Example With Scan Tools at a Champaign, IL Shop
For a shop buying scan tools and wanting a line for parts, the process is the same with different records: the tool quote, bank statements showing card and fleet deposits, and the shop's most recent tax return. A partner reading a line request pays particular attention to whether deposits arrive steadily enough to pay draws down.
The business line of credit page describes limits, draws and renewals.
How to Apply for Working Capital Loan? An Example With Compact Track Loaders in Champaign County, IL
A landscaper adding a compact track loader may want the loader financed and a working capital loan for crew payroll before contracts pay. The loader quote goes with the equipment part; the payroll part needs the contract list or signed bids and recent bank statements.
Splitting the two keeps each one sized correctly. Working capital loans explains how to size a payroll gap.
From the First Call to a Signed Offer: Five Stages of a Champaign, IL Request
- First call or form: describe the cost, how often it returns, and the business. The form asks for contact details, a company name if you use one, and three range picks.
- Shaping: the cost is matched to one or two funding types, and the records a partner usually reads are named.
- Partner review: one or more funding partners review the request and may ask for more records or a call.
- Offer: a partner that approves sends terms with the amount or limit, rate or factor, fees, schedule and any collateral or guarantee.
- Your decision: compare the total dollar cost and the terms, and accept or decline. Declining costs nothing on Flintrun's side.
Before you start, the FAQ answers common first questions, and the six funding types are compared side by side. When ready, send a request or call (217) 334-8194.
By Flintrun Lending Group · Updated
