Willowpeak Capital Group in Williston, North Dakota answers common funding questions in short form, with links to the pages that go further.
What Are Small Business Loan Terms? Store Fixtures, Seasonal Stock and the Answer for Retailers
Loan terms are the conditions in the offer: the amount, the rate, the fees, the length, the payment and its frequency, the collateral and any personal guarantee. For a retailer buying store fixtures, the term to watch is the length: it should not run longer than the fixtures will last. For seasonal stock, it should end when the stock is sold.
Each partner sets its own terms. Line up offers by the sum of every payment, not by the monthly amount alone.
What Is a Merchant Cash Advance? Why Card Sales Count and Vacuum Trucks Do Not
A merchant cash advance is a purchase of part of a business's future card sales. The provider pays a sum now and collects an agreed total from card settlements. It is not a loan, and it fits businesses with steady card sales, such as restaurants and stores.
A service company buying a vacuum truck has no card sales to sell and a titled asset to finance, so equipment financing fits it instead.
What Is Amortization on a Term Loan? An Example With Ranges
Amortization describes how every fixed payment divides between interest and principal as the term runs. Early payments carry more interest, because the balance is highest; later ones pay down more principal.
Illustration only, invented figures: a restaurant finances $30,000 of ranges over 24 months at an annual rate of 12%. The payment is about $1,412 a month. In the first month about $300 of it is interest; over the whole term interest totals about $3,893.
Short Answers for Williston, ND Restaurant Owners About Food Orders
A large food order is stock that will be sold within weeks. It can be carried on a credit line, financed as inventory, or, with steady card sales, covered by an advance, which is not a loan. The right one depends on how soon the food turns into sales.
Census County Business Patterns put the 2023 count of Williams County, ND restaurants and other eating places with paid staff at 76.
Questions Williams County, ND Oilfield Crews Raise About Equipment and Payroll
Two questions come up often from oilfield crews: whether a used unit can be financed, and how to carry payroll while an operator pays. Used units can be financed when the hours, condition and records support it. Payroll gaps go on working capital or a credit line.
The oilfield services page and the working capital page cover both.
By Willowpeak Capital Group · Updated
