The Ashland, OH Request Form, and What Is Worth Knowing Before You Send It

Illustration only, invented figures: an Ashland, OH insurance agency adds a producer whose salary runs ahead of the commissions that producer will bring in. It asks about $27,400, set at a 13.15% annual rate over 12 months. At $2,449.22 a month the year costs $29,390.64, which leaves $1,990.64 as the price of the money.

To apply, the agency needs little at the start: the form's inputs (full name, phone, email, company name, time in business, annual revenue and requested amount) and a tick on the consent line. Further paperwork may follow if a funding partner picks the request up, for example:

• business bank statements
• the latest business tax return
• this year's profit and loss figures to date
• the producer's offer letter, or a hiring plan showing the salary in this invented example

The FAQ page takes up more questions on documents, costs and terms.

Illustration only: an Ashland, OH commercial cleaning company wants two ride-on floor scrubbers. Its request moves in this order:

1. The owner gets a written dealer quote for both machines.
2. The owner then dials (419) 616-9680; filling in this page's form would do the same job.
3. Oceanreach Capital Group goes over the quote with the owner, then sends the request on to funding partners.
4. A partner reviews it and may ask for the quote, bank statements and a tax return.
5. If a written offer comes, it spells out the payment and the total, and the owner checks both against the quote.
6. The owner signs or walks away; with equipment financing, the partner may pay the dealer directly.

The how it works page goes through the same order with more detail on the review.

Illustration only, invented figures: an Ashland County, OH machine shop faces an $18,350 bill to rebuild the spindle on a CNC lathe. A bank-style review of a request like that may weigh:

• deposits and average balances in recent bank statements, and whether they can carry a new payment
• time in business and annual revenue
• credit records for the company, and perhaps the owner's own
• debts and payments already going out
• whether anything can serve as collateral, such as the lathe itself

A funding partner that is not a bank may weigh the same items differently. A repair bill is an operating cost, so the shop could also ask about a working capital loan sized to the invoice.

Illustration only, invented figures: an Ashland County, OH dental office plans a $15,600 marketing push of patient-recall mailings, search ads and a rebuilt website. Before the form is sent, a short checklist keeps the request clear:

• the marketing budget, line by line
• the amount to request, which can be less than the full budget if part comes from cash
• the time-in-business and annual-revenue ranges the form asks for
• several recent months of business bank statements
• the last business tax return
• a list of current loan, lease and advance payments

With the list done, the form on this page is the next step. Questions about the amount box can go to (419) 616-9680.