The four cases below put that route to work on payroll, a new hire, a move and a marketing budget.
An owner reaches Oceanreach Capital Group by phone or the request form; Oceanreach passes the request to funding partners, who review it and make every decision and any offer. Every dollar figure in the four cases is invented for the arithmetic.
Applying for a small business loan before payroll comes due: an Ashland, OH law office counts its paydays
With payroll, when a request goes in matters as much as where it goes. Illustration only, invented figures: an Ashland, OH law office runs $12,300 of biweekly payroll, and its largest client owes an invoice that is due in 38 days. Depending on which day the first payday lands, two or three payrolls fall inside those 38 days, so the office could be short anywhere from $24,600 to $36,900.
Applying early leaves a funding partner room to look at bank statements and the unpaid invoice before the first of those paydays, not after it. Applying through Oceanreach Capital Group means dialing (419) 616-9680 or filling in the request form, whichever the owner prefers. The form keeps to the basics: who is asking (full name, phone, email), which company, and where the business sits on time in business, annual revenue and the amount wanted.
- the payroll total for one pay period, and the next three pay dates
- the invoice amount, the client's payment terms and the date it falls due
- recent business bank statements
- any loan, lease or advance payment that already leaves the account each week or month
A partner may weigh whether the invoice looks likely to be paid in full, how steady deposits have been and what the office already owes. If an offer follows, it is the partner's, with its own amount, rate, term and fees, and the law office can take it or turn it down.
Business funding for a salary that starts before the billing does: an Ashland, OH computer services firm's new technician
A new technician is on the payroll from the first week, while the invoices for that technician's hours can be paid weeks later. Business funding here has one job: carrying the salary across that lag. Two products have the right shape. A working capital loan pays one sum and comes back in fixed installments; a business line of credit lets the firm draw only what the lag needs and pay interest on what it has drawn.
Illustration only, invented figures: an Ashland, OH computer services firm takes $23,400 on a 12-month schedule at a 12.65% annual rate. $2,086.18 leaves the account each month, $25,034.16 over the whole schedule, and $1,634.16 of that is interest.
A line fits if the gap is expected to shrink month by month as the new technician's billings build, because the draws can shrink with it. A loan fits if the firm would rather plan around one fixed number. Either way the partner sets the terms. The how it works page sets out the request steps and the underwriting review in order.
Where the money for an Ashland County, OH therapy practice's move could come from, item by item
A move of an existing practice breaks into costs that funding treats differently. Illustration only, invented figures: an Ashland County, OH physical therapy practice budgets $34,200 for a move to a larger space, made up of $19,800 for treatment tables, exercise machines and front-desk computers, and $14,400 for the movers, new phone handsets, a scheduling system and a few weeks of overlapping rent.
In this invented case the $19,800 of tables and machines could go to equipment financing, with the items themselves as collateral. The other $14,400 leaves nothing to resell, so it suits a working capital loan or a draw on a line of credit. That gives two answers to where the money could come from, and one call to Oceanreach can lay out both parts.
Changes to the new space itself, and any purchase of the building, fall outside this site.
A small business loan for marketing, which secures nothing: an Ashland County, OH insurance agency's options
Mailings and ads leave nothing behind that the business could pledge, so a funding partner deciding on a marketing request may lean on revenue history and bank deposits instead. Illustration only, invented figures: an Ashland County, OH insurance agency plans $16,500 of direct mail and online ads over two quarters.
Its options include a short working capital loan, a draw on a business line of credit, or paying from cash while keeping a line open for surprises. A merchant cash advance fits an agency poorly, because an agency is paid commissions rather than card sales, and an advance is collected from card sales.
- monthly revenue for the past year
- the marketing plan, priced item by item
- how long the agency has been open
- payments already made on other funding
The street address behind the Ashland, OH phone line is 42 W Main St, Ashland, OH 44805. Ashland County, OH sector counts and a records table by case are on the Ashland, OH page. The contact page carries the phone line and a link to the request form.
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