An Ashland, OH business that needs money for a machine, a kitchen, a clinic or a second location can call Oceanreach Capital Group at (419) 616-9680 or send the request form. From there the request travels to funding partners; whatever amount, rate and term appears comes from the partner that reviews it.
Oceanreach Capital Group hands Ashland, OH funding requests, made by phone or the request form, to funding partners, and the partners make every decision. This page works through a plant's packaging line in invented figures, shows five Ashland County, OH sectors from County Business Patterns 2023, and lists records a partner may ask for.
At a glance
- County
Ashland County, OH
- Ashland County, OH employer establishments
1,021 in 2023 (County Business Patterns)
- How a request starts
A call to (419) 616-9680 or the request form
Business lenders near Ashland, OH, and where a manufacturer's packaging line upgrade fits among them
Searching for business lenders near Ashland, OH turns up a mix: bank branches and credit unions that lend to local firms, online lenders that work from statements, and equipment makers with finance programs of their own. Oceanreach Capital Group is a different stop on that list. It does not make the loan; it takes one request and passes it to funding partners, so an owner can compare any offers that come back rather than filling out the same details at each door.
Illustration only, invented figures: an Ashland, OH food packaging plant prices a case erector, a short conveyor and a labeler at a combined $118,400. With five years of financing at an annual rate of 9.65%, the plant would owe $2,495.31 each month. By the sixtieth payment it would have paid $149,718.60, which puts the interest at $31,318.60.
For the machines themselves, an equipment financing request is the fitting route. Running new power to the line, or anchoring anything to the floor, is property work outside this site. A partner reviewing the request may ask for the seller's quote, the plant's recent bank statements and a list of payments already going out on other machines.
Ashland, OH business loans in the light of Ashland County, OH's 2023 employer counts
Ashland County, OH's 1,021 employer establishments counted 17,851 paid employees in 2023 and an annual payroll of about $798.3 million, per County Business Patterns. Five of its sectors line up like this:
| Sector | Employer establishments | Paid employees | Annual payroll |
|---|---|---|---|
| Manufacturing | 81 | 3,577 | $197,058,000 |
| Health care and social assistance | 110 | 2,910 | $135,882,000 |
| Retail trade | 143 | 2,461 | $77,219,000 |
| Construction | 93 | 889 | $69,207,000 |
| Accommodation and food services | 97 | 1,837 | $33,987,000 |
The table is a selection, not a ranking. Other services (except public administration), which includes repair shops and salons among others, had more establishments than any of the five, 172, with 1,295 paid employees.
Read as a request, the spread matters more than the totals. A plant with dozens on the payroll and a two-chair salon both send the same form, and the amount, the cost and the records behind each request differ with the business. By our arithmetic on the county size classes, 60 establishments had 50 to 499 employees in 2023. Notes on single trades, from dental offices to landscaping services, are on the industries page.
Chamber of commerce membership aside: records an Ashland, OH funding partner may ask a plant, clinic or kitchen for
Oceanreach Capital Group has no tie to any chamber of commerce, and membership in one is not something the request form asks about. What a funding partner may want instead are records that show the business and the cost. The list shifts with the case:
| Case | Records a partner may ask for |
|---|---|
| Plant buying production equipment | the seller's quote with model and price, recent bank statements, the latest business tax return, current equipment payments |
| Physician office buying an in-office lab analyzer | the analyzer quote, recent bank statements, a report of what insurers and patients still owe the practice |
| Sit-down restaurant replacing kitchen equipment | card processing statements, the equipment quote, recent bank statements, the lease term left on the space |
None of these papers goes with the first call. The how it works page lays out the steps from that call to any offer a partner makes.
Where Oceanreach sits in Ashland, OH, and how this site labels ZIP 44805 figures
Mail and visits go to 42 W Main St, Ashland, OH 44805, the address Oceanreach Capital Group keeps on file; calls go to (419) 616-9680. A request can be made by phone or online without a visit.
ZIP 44805 carries the Ashland name but reaches past the city line, with a small part in Richland County, OH (Census 2020 ZIP-to-county relationship file). The 2023 ZIP Code Business Patterns file places 706 employer establishments inside ZIP 44805. This site labels such figures with the ZIP and keeps them apart from Ashland County, OH figures and from the city.
The name needs its state, too. Ashland, KY, Ashland, OR and Ashland County, WI are other places; every figure here belongs to Ashland, OH or Ashland County, OH.
Before a second Ashland County, OH location: what to check locally and what a funding request can cover
A second location splits into two kinds of questions. Questions about the building, such as what the space may be used for and any permit for work on it, go to the local government where the space sits; for an address inside the city, the City of Ashland's official website is the place to start. Questions about money for the business side can go into a funding request.
- equipment for the new space
- a freestanding sign (its footing and any wiring are property work outside this site)
- stock for the shelves or the stockroom at the second site
- wages for added staff while the second location builds its sales
Buying the building, and work on the building itself such as walls, wiring or plumbing, is outside this site. The villages and Willard page prices the equipment for a second leased building in invented figures. A documents checklist and a plan outline for the request are on the resources page.
By Oceanreach Capital Group ยท Updated