The phone number is (770) 275-6636, and the written request form lives on the apply page. Before signing any business loan, compare the total of all payments, the rate type, fees, prepayment terms and any collateral or personal liability.
Questions to ask when getting a business loan for a Johns Creek, GA practice, before anything is signed
Putting the same questions to every offer lets the answers sit side by side. Whether the money opens a branch office in Fulton County, GA or replaces an imaging unit, these apply:
- What is the total of all payments, beyond the monthly figure?
- Does the rate stay put until the last payment, or is it tied to an index that moves?
- Which charges are taken out of the proceeds at signing, and which get rolled into what is owed?
- What happens to the interest owed if the balance is paid off in year two?
- What collateral or personal liability does the offer ask for?
- What does the agreement say follows a missed payment?
A partner that makes an offer puts these terms in its own documents, and the owner can ask about any line before signing.
Questions to ask about a business loan offer: the payment, the term and the total in Johns Creek, GA
A lower monthly payment can come from a longer term, and a longer term can mean more interest overall. Asking for both versions of an offer shows the trade.
Illustration only, invented figures: a Johns Creek, GA firm finances $60,000 of software licenses and setup at an annual rate of 10.5%. Thirty-six monthly payments of $1,950.15 total $70,205.40, with $10,205.40 of that going to interest. On a 60-month schedule the firm pays $1,289.63 each month instead, but its 60 payments total $77,377.80, and $17,377.80 of that is interest. So the five-year version leaves $660.52 more in the account each month while charging $7,172.40 more in interest by the end.
Ask for each offer in writing with the payment, the number of payments, the annual rate and every cost listed, so two offers can be read line against line. The payment calculator works out level monthly payments for a balance, rate and number of months.
Questions to ask lenders when a Fulton County, GA accounting or consulting firm compares two offers
A firm hiring ahead of new engagements is buying time: payroll starts before the fees arrive. When two offers are on the table, these questions separate them:
- Can the money be drawn in stages as each hire starts, or does the full amount fund at once?
- Does the lender want engagement letters or a receivables aging report, and how recent?
- Who signs for the firm, and does each partner sign personally?
- What would lead the lender to review or cut the limit during the term?
A consulting practice weighing offers in Fulton County, GA is one of 2,214 establishments that 2023 County Business Patterns placed in management, scientific and technical consulting services (NAICS 5416). An accounting office sits among the 714 that the same count put in accounting, tax preparation, bookkeeping and payroll services (NAICS 5412).
What a Johns Creek, GA IT firm can have on the desk before calling about an office move
An office move pulls cash several ways at once: deposits, movers, network gear, new computers and a few weeks of rent on two spaces. The call itself needs no paperwork, but a few figures in reach make it shorter:
- the move date and the quotes received so far
- revenue for this year to date and for last year
- current loans, leases and credit lines, with their payments
- which equipment moves and which gets replaced
The office is at 5805 State Bridge Rd, Johns Creek, GA 30097, phone (770) 275-6636. Owners who prefer writing to talking can open the Meadowmoor request form instead.
By Meadowmoor Commercial Capital ยท Updated