On the form go contact details, the company name and a pick on each of three ranges. The purpose of the money and any documents come later, on the call or in a partner's review. A six-step checklist runs from the form to any signature.
What a bank or funding partner may review on a Lincoln County, NC metal fabricator's request
A bank, credit union or funding partner reviewing a fab shop's request may weigh several things; which ones, and how much each counts, is up to that reviewer:
- Deposits into the business bank account over recent months
- How long the business has been operating
- The owner's credit, and the business's own credit file where one exists
- Payments already owed on loans, leases or advances
- For a machine, the quote and the machine itself, which may secure the financing
No page on this site can say how a particular request will turn out; the review is the partner's.
Documents a Lincoln County, NC electrical contractor can gather once a request is under review
Nothing needs to be attached to the form, and it has no upload. If a partner takes the request up, it may ask for some of these, and an electrical contractor saves a scramble by knowing where each one is kept:
- Statements for the account where job payments land, covering the last few months
- Last year's business tax return, plus the owner's personal return if a partner wants it
- A list of open jobs with their contract amounts, when the money is tied to work underway
- Supplier quotes for wire, breakers or a tool purchase
- Proof of the owner's identity and of who owns the company
Which documents a partner asks for, and when, is that partner's call; the list is a place to start, not a requirement.
A business loan checklist for Lincolnton, NC owners, from the form to any signature
- Send the form on this page, or call (704) 255-5375 if a conversation suits better.
- Talk the need through with Plumbend: what the money is for, how much, by when, and any quote behind it.
- Plumbend passes the request to funding partners that handle the funding type it fits.
- A partner reviews the business, may check credit and may ask for documents like the ones listed on this page.
- If a partner makes an offer, check its total cost, payment schedule, fees and early payoff terms against the questions on the contact page.
- Sign the offer or turn it down; the decision stays with the owner.
Steps four and five sit with the partner. Plumbend's part covers the first three, and how it works follows them with one invented fab shop request; the FAQ answers shorter questions.
What a Lincolnton, NC metal fabricator needs in hand to send the request form
To send the form, a fab shop owner needs only what is already known about the business:
- Name, phone and email of the person the desk should call back
- The company name the shop trades under
- A band for how long the shop has been operating
- A band for annual revenue
- A band for the amount being sought
A consent checkbox closes the form; the SMS terms and the privacy page cover texts and the details sent. The plate roll, plasma table or CNC quote is the most useful paper to keep nearby, but it belongs to the call, not the form.
By Plumbend Lending Group ยท Updated