Each request leaves Skywater Business Funding for funding partners, and the review and the decision are theirs.
Six funding types, each tied to a kind of cost: one-time purchases, repeating bills, stock, equipment and card-sale advances. The sections explain what a lien on financed equipment means, compare term and revolving credit, and show how an advance is collected.
What is a merchant cash advance? Where it fits, and where it does not, for an Oklahoma County, OK dental office waiting on claims
With a merchant cash advance, the business sells a share of its coming card receipts to a provider for cash today. The provider pays a sum now and collects an agreed total by keeping a share of each day's card receipts, the holdback. It is not a loan: there is no interest rate and no fixed monthly payment, and the cost is set by a factor.
Illustration only, invented figures: a dental office takes a $14,600 advance at a 1.24 factor, so the total collected is $18,104 and the cost is $3,504. The provider keeps 12% of card receipts; on $1,265 of daily card sales that is $151.80, and 120 business days of receipts reach the $18,104 total (our arithmetic, rounded up to a whole day).
The catch for a practice waiting on insurance claims: the advance is collected only from card receipts, so claim payments do not speed it up. It suits offices where patients pay a large share by card. The merchant cash advance page works factor and holdback figures for a restaurant, a fitness studio and an auto repair shop.
What a lien on equipment means when an Edmond, OK chiropractic office finances traction tables
When equipment secures its own financing, the funding partner files a lien on it: a public record that the partner has a claim on those items until the last payment clears. Some offers name only the financed equipment; others take a general lien on all business assets. The offer says which, and the difference matters if the office wants to finance something else later.
Illustration only, invented figures: a chiropractic office finances two traction tables and a decompression table for $29,800 over 30 months at a 10.95% annual rate. Each of the 30 installments is $1,139.99, so the tables cost $34,199.70 by the end, $4,399.70 above their price. Until the last of them, the tables cannot be sold or traded in without settling the balance first.
When the loan is paid off, the office can ask the partner how and when the lien filing is released.
Types of commercial loans for the costs around an associate hire at an Oklahoma County, OK dental office
Adding an associate dentist brings several costs at once, and they do not all belong in the same loan. Four of the six options on this page can share them, as below.
- A second operatory's chair, light and delivery unit: equipment financing, with the equipment as collateral (the water, air and power hookups are property work outside this site)
- The weeks before the associate's production is collected: a working capital loan or a line of credit
- Extra supply orders for a fuller schedule: a line of credit, drawn as the orders come
- The recruiter's fee and credentialing service for the associate: a term loan, paid once at a known price
Health care and social assistance led Oklahoma County, OK in employer establishments in 2023, with 3,376, and also had the largest annual payroll, $4.43 billion (County Business Patterns, NAICS 62). Dental offices are one part of that sector.
What is a business term loan? A fixed schedule for an Oklahoma County, OK therapy office's shockwave units
With a business term loan, the office gets the whole sum on day one and owes the same payment every month until the last one. It fits a purchase with a known price and a long useful life, where the office wants to know the payment for every month of the term.
Illustration only, invented figures: a therapy office buys 2 shockwave units at $21,740 each, $43,480 together. A 60-month term loan at 10.7% a year sets the payment at $938.87; across 60 payments the office pays $56,332.20, which includes $12,852.20 of interest.
Equipment financing can also pay for the units, with the units as collateral. The business term loans page splits the first three payments of a fixed loan into interest and principal.
What is a business line of credit? Payroll weeks at an Edmond, OK sit-down restaurant
A business line of credit sets a ceiling; the business takes money out under it, pays it back and can take it out again. Interest is charged on drawn dollars only, day by day. It fits costs that come back on a cycle, such as payroll in a week when deposits run thin.
Illustration only, invented figures: a sit-down restaurant draws $16,240 for one biweekly payroll and pays the draw back 24 days later from deposits. At 12.9% a year, simple daily interest on that draw is $137.75 (our arithmetic). The limit is back to its full size once the draw is repaid.
Full-service restaurants numbered 806 in Oklahoma County, OK in 2023 (County Business Patterns, NAICS 722511); the business line of credit page is where the line is explained in full.
Is equipment financing a loan? What changes hands when an Edmond, OK office finances secure servers
Sometimes. An equipment loan or an equipment finance agreement is debt: the office owns the servers and pays the price over time, with the servers as collateral. A lease is not a loan in the same sense: the leasing company owns the servers, and the office pays to use them, with an end-of-term choice.
Take an invented $18,960 server and storage package for a law office or a medical billing room. Under a loan or a finance agreement, title sits with the office and the funding partner files a lien. Under a lease, title stays with the lessor until any buyout.
How either one is reported on the books is a question for the office's tax preparer. A loan and a finance agreement are set side by side on a dental scanner on the equipment financing page.
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