The request takes contact details and a few ranges; a call about the cost may follow, and funding partners review the request and decide on any offer.
Steps to Apply for a Small Business Loan, From Writing Down the Cost to Reading Any Offer
- Write down what the money pays for and the total, from a quote, an invoice or a payroll figure.
- Send the short request on this page, or call (928) 212-1564.
- Talk through the cost with a Hillmark Credit contact if a call follows.
- Hillmark Credit forwards the San Luis, AZ request to funding partners, who review it.
- Send a partner any records it asks for, such as bank statements.
- Go through every line of any offer before signing or walking away.
Records a Funding Partner May Ask For: A San Luis, AZ Physician Office Pricing an EKG Machine
Records come later, once a partner reviews the request. In an invented case, a San Luis, AZ physician office pricing a 12-lead EKG machine might be asked for:
- Recent business bank statements
- The seller's quote for the EKG machine, with the model and price
- The owner's ID, plus the business's legal name and tax ID
- A recent business or personal tax return
- A list of loans or advances already being paid
A partner's list may differ, so the request can go out before every record is gathered.
A Checklist Before Sending the Request: A San Luis, AZ Pressure-Washing Company Adding a Hot-Water Unit
An invented pressure-washing company wants a skid-mounted hot-water pressure washer for its second truck. Before sending the request, the owner can have these answers ready:
- The total from the seller's quote, including delivery
- How much to request, and whether any down payment comes from cash on hand
- The date the seller wants payment
- Roughly what the company takes in each year, read from its bank statements
- How long the company has operated, counted from its first paid job
A partner may look at equipment financing for the washer, since the machine itself can secure the payments.
What You Need to Apply for a Business Loan When Payroll Is the Cost: A San Luis, AZ Nail Salon
A payroll request has no item to pledge, so it reads differently. In an invented case, a San Luis, AZ nail salon wants to cover two pay periods while a newly hired technician builds a client list.
- The payroll total for each pay period, from the payroll records
- How many pay periods the money needs to cover
- Recent bank statements that show deposits from services
- Any loans or advances the salon is already paying
A partner may weigh a working capital loan for a set amount against a credit line for gaps that repeat.
By Hillmark Credit ยท Updated