Two ways in: the phone line, (239) 421-3696, and the request form. This page lists questions to put to a funding partner about a contractor, physician office or salon loan, and what to have at hand for the call.
Questions to ask lenders about a Collier County, FL finish contractor loan
Before a flooring or drywall contractor signs anything, this list, put to each funding partner in turn, makes two offers comparable:
- What is the annual rate, and what is the total paid over the full term, fees included?
- Is the payment monthly, weekly or daily, and what does it come to in each case?
- If the contractor clears the balance ahead of schedule, is there a prepayment charge, or does interest simply stop?
- Does the offer need collateral, a personal guarantee or a lien on equipment?
- For a credit line: how are draws made, and is there a charge on the unused limit?
- Which records does the review need, and will the partner check the owner's credit?
When a finish contractor waits on a builder's draw, the builder's schedule sets the timing of the cash, so it is worth asking how a partner treats money owed by builders. Both trades appear in the county files: County Business Patterns lists 614 residential building construction establishments in Collier County, FL for 2023 (NAICS 2361) and 553 building finishing contractor establishments (NAICS 2383).
Questions to ask when getting a business loan for a Naples, FL physician office
A physician office buying an ultrasound unit or equipping a second exam room has its own set of questions:
- Does the term match how long the equipment stays in use, or does the payment outlast it?
- Is a lease with a buyout cheaper in total than a loan, once the buyout is added in?
- How does the partner read insurance and patient-payment deposits that arrive after the visit?
- Can a practice buy-in or a partner buyout be funded with a term loan?
- What happens to the loan if a physician owner leaves the practice?
For practices close to the office, the ZIP count is the nearer figure: 131 offices of physicians had a ZIP 34102 address in 2023 (ZIP Code Business Patterns, NAICS 6211). For Collier County, FL as a whole, County Business Patterns counted 486 such offices that year.
Questions to ask about a business loan for your Naples, FL salon
A salon's questions follow the way its money comes in, through card sales, booth or suite rents and retail product:
- If the offer is a merchant cash advance, what share of card sales does the provider collect, and what is the total collected? (An advance is not a loan.)
- Can the chairs, dryers or color bar secure their own financing?
- Does booth rent from stylists count as income in the partner's review?
- Is there a cost for paying off early, and is it written into the agreement?
- How does the payment compare with an ordinary month of card deposits?
Writing the answers next to each other is the plainest way to compare two offers, and the office can go through them on the phone with the owner.
What to have ready when a Collier County, FL salon calls
A first call stays short when these are at hand:
- What the money pays for, with a quote if there is one
- The amount in mind (a range is fine)
- The salon's opening year and a rough figure for yearly revenue
- Payments the salon already makes on equipment, advances or credit lines
- Who owns the salon, and in what shares
- A good time and number for a call back
The office line is (239) 421-3696. Ledgehill Lending's office is at 400 10th St S, Naples, FL 34102; call before stopping by.
Typing first instead of talking? The request form asks for a name, a phone number, an email, the company name, and a range each for time in business, annual revenue and the amount requested. A consent checkbox completes it, and the office follows up by phone.
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