About Cobblegrove Business Funding: Business Loan Help for Jerome, ID Wholesalers, Food Plants and Station Stores

Take an invented wholesaler of shop tools and abrasives in Jerome County, ID that sells grinding discs, cutoff wheels and sanding belts to fabrication shops. A plant customer has asked for a standing monthly supply, and the wholesaler has to buy a deeper stock of discs and belts before the first shipment leaves. Places that might put up the money for that stock:

• The bank or credit union holding the business checking account, which lends its own money on its own terms
• The abrasives maker or its distributor, if it extends longer payment terms on a larger order
• An online funding source that prices the money itself
• Cobblegrove Business Funding, which talks the order through by phone and then takes the request to funding partners offering inventory financing or a credit line

Stock bought ahead of a known customer order is the cost inventory financing is designed around, while restocking in different sizes month after month leans toward a line of credit. In both cases the price of the money is set by whichever source makes an offer.

An owner may know the amount and the due date without knowing which funding type suits them. That is the starting point for Cobblegrove: a phone conversation about what the money buys, when the bill lands and where repayment will come from. With those three answers in hand, the cost can be matched to one of six options: working capital, a term loan, a line of credit, inventory financing, equipment financing, or a merchant cash advance (money advanced against future card sales, not borrowed).

Funding partners make every credit decision and set any rate, amount and term. Cobblegrove's part is matching the request to a funding type and passing it on once the owner agrees.

Cobblegrove keeps its desk at 200 E Main St, Jerome, ID. A call to (208) 361-6008 before stopping in lets the conversation begin with the bill itself, and the contact page lists questions worth settling before any loan is signed.

In this invented case, a small food manufacturer in Jerome County, ID mixes dry seasonings and rubs for regional grocers and holds a $22,740 quote for a stainless ribbon blender. The owner could apply in two places, and they work differently:

• At its own bank: one application, one lender's credit policy and a single answer
• Through Cobblegrove Business Funding: one phone conversation, after which the request goes to funding partners that offer equipment financing, and each partner may review it and decide separately

The blender is equipment, so it may serve as collateral for its own financing; any electrical hookup or floor anchoring is property work, which this site does not cover. How a loan, a $1 buyout lease and a fair market value lease compare is worked through on the equipment financing page.

Picture an invented convenience store at a Jerome, ID gas station adding a coffee counter with two commercial brewers, a grinder and a cappuccino machine. The fuel side of the business, pumps and dispensers included, is outside this site; the coffee machines are store equipment. The request moves in this order:

1. The owner phones Cobblegrove with the equipment quote and the date the vendor wants payment.
2. On that call, the two go over the price, any cash the store can put down and what it already pays each month on loans, leases or advances.
3. The cost is matched to a funding type; for countertop machines expected to last several years, equipment financing and a term loan are the two to compare.
4. Once the owner says yes, the request is passed to funding partners that offer that type.
5. A partner may ask for bank statements or a tax return, may check credit, and decides on its own.
6. If any offer arrives, the owner weighs its total cost and payment dates and may turn it down.

The water line and wiring behind a coffee counter are property work outside this site. The how-it-works page goes through the request stages in more detail, and the request page is where to begin in writing.