Phone or Visit Cobblegrove Business Funding on East Main Street in Jerome, ID

In an invented case, an electrical supply house in Jerome, ID wants a wire measuring and cutting machine with two reel stands, priced at $15,930, so its counter can cut cable to length for contractors. Spread over 36 months at a 12.71% annual rate, each invented payment comes to $534.52; thirty-six of them come to $19,242.72, so $3,312.72 of that is interest. Over 24 months the invented payment rises to $755.17, or $220.65 more each month, and the payments total $18,124.08, with $2,194.08 of interest, $1,118.64 less.

Questions that invented example raises:

• Is the 12.71% fixed for every month, or tied to an index that can move?
• Which fees come due at signing, and are they added to the invented $15,930 or taken out of it?
• Does the lien cover only the machine and reel stands, or everything the business owns?
• If a large contractor order lets the supply house clear the balance in month 20, what does paying early cost?

Equipment loans and leases on one machine are set side by side on the equipment financing page.

A jerky and meat snack maker in Jerome County, ID pricing a vacuum tumbler for marinating and a vacuum packaging machine is choosing among lenders as much as among loans. Questions worth putting to each one:

• Do you finance used food equipment, and does a machine's age change the term?
• Is the money paid to the equipment seller directly, or deposited with the business?
• Is a personal guarantee part of the agreement?
• May the machines move if production shifts to another building?
• Who insures the equipment during the term, and must the lender be named on the policy?

Two lenders can answer the same question differently. A funding partner reviewing a request through Cobblegrove may ask questions of its own as well, about recent sales to grocers or the age of the current equipment. Any wiring or drain work for the new machines is property work outside this site.

An invented convenience store at a Jerome, ID gas station wants a new security camera kit and two touch-screen registers. The fuel side of the station, pumps and dispensers included, is outside this site; the camera kit and registers are store equipment, while running cable through walls and ceilings is property work this site does not fund.

• Does the loan term end before the registers are due for replacement?
• Can the camera kit and the registers share one loan, or does each need its own?
• Does the payment come out monthly, or weekly from the store's account?
• If the balance is cleared before the last payment, what does the agreement say happens?

With a short-lived item like a register, a shorter term keeps the payments from outlasting it. The term loan calculator shows how the term changes the payment.

A machinery and supply wholesaler in Jerome County, ID that needs money to fill a large customer order can size the gap from a few papers: what the supplier wants and when, and when the customer pays. Set side by side, they show how much the order needs and for how many days:

• The supplier's invoice, with any early-payment discount and its deadline
• The customer's purchase order, with the delivery date and payment terms
• The number of days between paying the supplier and the customer's payment
• Any freight or setup cost the wholesaler pays before delivery

Owners who would rather sit across a desk can come to 200 E Main St, Jerome, ID 83338; a call to (208) 361-6008 first lets the visit start with those papers.