Contact Lodgeglen Finance: Business Loan Questions and Answers for Jefferson City, MO Landscapers

These go to whoever makes the offer, and the answers belong in writing before anything is signed.

• What does the loan cost over the full term, in dollars and not only as a rate?
• Does settling the balance ahead of schedule cost anything extra?
• Does each partner have to sign a personal guarantee?
• Will a lien be filed on the firm’s receivables or equipment?
• Can the client trust account stay out of the review entirely?
• What happens to the payment if a large fee arrives late?

A plumbing or HVAC shop buys trucks, tools and stock for jobs that pay weeks later, so its questions center on timing.

• Can a line of credit be drawn for one job’s materials and paid down when that customer pays?
• Does the equipment loan cover a used service van, and up to what model year?
• Is the payment daily, weekly or monthly, and from which account?
• Are signed commercial contracts or open invoices counted in the review?
• Can the term match how long the van or tool stays in service?

The answers differ by product: the line of credit page and the equipment financing page cover each in more depth.

Landscapers’ loan questions follow the mowers, the trailers and the crew payroll.

• If the mower or trailer secures the loan, what happens to the lien when it is sold or traded in?
• Can the first payment fall after the first invoice on a new contract is paid?
• Does a commercial maintenance contract count toward revenue in the review?
• Is a sole proprietor’s Schedule C accepted in place of a business return?
• What paperwork does a used machine bought from another landscaper need?

• The amount range and what it pays for, in a sentence
• The date the practice opened, or the date the current partners took it over
• The annual revenue range from last year’s return
• Loan, lease and card payments already owed, with the monthly amounts
• The name and phone number of the partner who would sign

None of it has to be sent; the first call is a conversation. The number is (573) 273-6121, and the office is at 208 E High St, Jefferson City, MO 65101. Call before visiting so someone can sit down with you.

Prefer to write it down? The request form takes the same basics. A business on the Callaway County, MO side of the city can use the same number; the Jefferson City, MO page explains how the county line affects the data on this site, not the request.