The form opens a conversation: Millfield may call back first, and funding partners see the request only after that, when they may ask for statements, tax returns and a debt list before deciding on their own.
A checklist to run before sending, worked on an optical shop's payroll week in Morgan County, CO
An optical shop with an opticians' payroll due before insurance payments land can tick through this list before sending the form, so the call that follows covers the right ground:
- Write down the payroll total and the date it is due
- Note when the delayed payments are expected, and from whom
- Decide whether the gap is a one-time shortfall or one that repeats
- List what the shop already pays each month on loans, leases or advances
- Have last year's revenue and this year's to date within reach
- Send the form, or call (970) 344-2809 if the gap needs explaining first
A repeating gap may point to a business line of credit rather than a one-time loan; the call is where that gets sorted.
What the form asks for now, and what a funding partner may want later
The form itself stays short: the name of the person to call back with a phone number and email, the company's name, and three ranges for time in business, annual revenue and the amount sought, with a consent box. It asks for no documents and no Social Security number.
A funding partner that takes the request up may ask for some of these during its own review:
- Statements for the business bank account, three to six months back
- The most recent business tax return
- Every loan, lease and advance still being paid, with what remains on each
- The quote, invoice or payroll register the money would cover
- Identification for each owner with a large stake
Lists differ from partner to partner; this one shows the kind of thing, not a fixed set. The questions page covers credit, collateral and guarantees in more depth.
Steps from a $3,865 repair invoice to a partner decision, traced on a Morgan County, CO alterations shop
Invented example: an alterations shop's two industrial sewing machines need new motors and timing work, and the repair invoice comes to $3,865. The steps from there:
- The owner sends the form or calls (970) 344-2809
- Millfield may call back to talk through the invoice, the due date and the monthly payment the shop can carry
- Millfield suggests the funding types worth putting to partners, here a small working capital loan or a draw on a line of credit
- The request goes to funding partners, any of which may pull credit or want statements
- A partner that chooses to make an offer sends its terms in writing
- The owner compares any offer against paying the invoice from cash, then signs or walks away
The request path page covers each of those stages in more detail.
What a bank or funding partner may review, shown on an appraisal firm equipping a new field appraiser in Morgan County, CO
A real estate appraisal firm adding a second field appraiser needs a laptop, a camera drone for exterior photos and a laser measuring kit for the new hire. A bank or funding partner weighing that request may look at:
- How long the firm has operated, and how steady its deposits are month to month
- What the firm already owes, and what those payments take each month
- Credit history for the business and for the owners
- What the money pays for, and whether any of it can serve as collateral
The laptop, the drone and the measuring kit are movable equipment a request can cover; office space and any work on it are outside this site.
In 2023, Morgan County, CO had 30 employer establishments in Real Estate and Rental and Leasing, and 80.0% of them had fewer than five employees (County Business Patterns).
By Millfield Business Capital · Updated