Start a Business Funding Request in Jerome, ID Through Cobblegrove Business Funding

In this invented case, a Jerome, ID food plant that fills snack pouches has worn sealing jaws and needs change parts for a new pouch size, a repair and tooling bill due before the next production run. Nothing has to be attached to the request itself. If a funding partner reviews it, the partner may ask for some of these:

• The machine builder's quote or invoice for the jaws and change parts
• Business bank statements for recent months
• A profit and loss statement current to last month, with the most recent filed business tax return behind it
• Every loan, lease or advance the plant is still paying, and what each costs a month
• The grocer or co-packing orders the new pouch size will fill

A repair bill like this is an operating cost, so it sits closer to working capital than to an equipment loan. How far back the bank statements need to go is up to the partner.

An invented landscaping company in Jerome, ID is adding a second crew and wants a hydroseeder for lawn and erosion-control jobs. Before getting in touch, the owner can work down this list:

1. Get the dealer's written price for the hydroseeder, with tank size, hose and delivery listed
2. Decide how much cash, if any, goes down and how much is financed
3. Estimate how many years the machine should stay in service, and keep the term inside that
4. Total the monthly debits already going out for loans, leases and any advance
5. Note the annual revenue and how long the business has operated, since the request form asks for both
6. Write down the date the second crew needs the machine

A hydroseeder is equipment and may secure its own financing. For a boom lift on a $1 buyout lease and a checkweigher on a fair market value lease, both worked through with numbers, see the equipment financing page.

The request form on this page asks who is getting in touch and how to reach them, the company name, how long the business has run, its annual revenue and the amount wanted.

Take an invented insulation contractor in Jerome, ID whose crew is paid every week, $6,270 per payroll. The general contractor on a commercial job in this invented case pays 40 days after each invoice, so 5 or 6 weekly paydays fall inside one wait, depending on the weekday the invoice goes out: $31,350 to $37,620 of wages before the check arrives. A partner reviewing this may ask about the gap itself:

• Payroll records for recent weeks
• The subcontract with the general contractor and its payment clause
• Open invoices and the date each one was sent
• Bank statements from the payroll account

Payroll that must go out before the general contractor's check arrives is a cost for working capital or a line of credit.

An invented epoxy coating contractor in Jerome County, ID has a warehouse job booked and must buy resin, hardener and quartz aggregate, $12,490 in this invented case, before the work starts. The owner's steps:

1. Get the supplier's quote for the resin, hardener and aggregate, and the date its price holds until
2. Note when the job's customer pays and how the invoice is split
3. Enter the contact details, revenue range and amount on this page's form
4. Talk through the cost and the dates with Cobblegrove on the call that may follow
5. Send what a funding partner asks for, such as bank statements or the job contract
6. Read the total cost and payment dates of any offer before signing it

Materials bought for a booked job and paid back when the customer pays belong with working capital. Each stage after the form is covered on the how-it-works page, and wider questions are on the FAQ.