Contact Timbershore Lending Group About a Business Loan for Your Woodland, CA Dental Office

Before any partner is involved, a distributor can settle these for itself. The answers point to the product that fits and to the size of the request.

• What will the money pay for: payroll through an invoice gap, a forklift, stock for one customer's order, or room for supplier bills?
• How was the amount reached: an invoice total, a seller's quote, or one payroll run multiplied by the pay periods in the gap?
• Which cash pays it back: collected invoices, card sales or general income?
• What does the business already owe each month, counting equipment agreements and leases?
• What happens to the plan if a large customer pays 30 days late?

A dental office works through the same list with different nouns: a chair or an imaging unit in place of the forklift, and insurance payments in place of customer invoices.

These are about the offer itself, and each answer belongs in writing:

• Is the cost an annual rate, a factor rate or a flat fee, and what is the total dollar cost over the whole term?
• Is the payment monthly, weekly or daily, and is it fixed or a share of sales?
• Can the balance be paid off early, and would that lower the total cost?
• Is collateral named, and does the agreement carry a personal guarantee?
• Which fees come out at funding or along the way, and are they inside the total cost?
• What does the agreement say follows a late or missed payment?

An offer that cannot state its total cost in dollars is hard to set beside one that can, so ask for that figure first.

Put these to the funding partner once one takes up the request; only the partner knows its own process.

• Which documents do you need, and in what format: PDF bank statements, the last two tax returns, a receivables aging report?
• Do you check the owners' personal credit, the business's credit file or both, and at which point?
• Who is the contact at your company while the review runs?
• Will a lien be filed on business assets, and on which ones?
• If the answer is no, which part of the file decided it?

The review, the terms and the decision all belong to the partner, so this site cannot answer those questions on its behalf.

When the right product is unclear, a call to (530) 324-0236 before the form is a sensible start. Useful questions for that call:

• Which product fits the need: money for an invoice gap, a revolving line, stock, a machine, a fixed loan, or an advance against card sales?
• Is the need outside this site? Funding for trucking or agriculture businesses, property purchases, building work, SBA loans and personal loans is not arranged here.
• What can a funding partner ask for once it reviews the request?
• What happens after the form is sent?

On the request form go a full name, a phone, an email and the company name, then three picks (time in business, annual revenue, requested amount) and a consent checkbox. Anything longer, such as what the money pays for, fits the call better.

Timbershore Lending Group's street address is 420 College St, Woodland, CA 95695, and its phone number is (530) 324-0236. The Woodland, CA page covers lender types, uses of funds and the city's two ZIP Codes.