A request starts with a phone call or the online form. Funding partners review the business and decide on any offer; the owner decides whether to take it. This page walks through each stage and the records a partner may ask for.
The request path for a Fort Morgan, CO owner, call by call
- Call (970) 344-2809 or send the short online request with your name, phone, email, company, time in business, annual revenue and the amount you have in mind.
- On the call, Millfield asks what the cost is and when it falls due, then narrows the funding types to the one or two that fit it.
- Millfield sends the request to the partners whose products fit that kind of cost.
- The partner may list the records it wants to see, from bank statements to a seller quote, and may run a credit check.
- If the partner makes an offer, it sets out the amount, the rate or factor, the length and the fees.
- You compare the offer with what the business can carry and accept it or let it go.
The credit decision and every term belong to the partner. Millfield's part is the first conversation, the match and the hand-off, and it stays available to talk the offer through. The six funding types each have their own page.
Repair costs against a replacement payment: a Morgan County, CO small-animal clinic's anesthesia machine
A worn machine that keeps going out for repair raises a plain question before any request: what the repairs have cost, and what a payment on a replacement would cost instead. Veterinary Services (NAICS 541940) counted 5 employer establishments in Morgan County, CO in 2023, 4 of them with fewer than five employees (County Business Patterns).
Illustration only, invented figures: a small-animal clinic paid $2,115 over the past 12 months to repair its anesthesia machine, an average of $176.25 a month. An invented replacement is quoted at $9,535. At an invented 13.35% annual rate over 48 months, that quote means $257.46 a month, or $12,358.08 across all 48 payments, and $2,823.08 of it is interest.
In this invented case the payment runs $81.21 a month above the repair average. Whether a new machine is worth that difference is the clinic's decision; the repair invoices and the seller's quote, ready for the first call, show a partner both sides of it.
Records a partner may ask a Fort Morgan, CO florist for, and why each one matters
| Record | What a partner may look at in it | Florist detail |
|---|---|---|
| Business bank statements | Deposit rhythm, balances and existing payments | Card deposits from counter, phone and wedding orders |
| Business tax returns | Income the business reported over full years | Revenue next to flower, supply and delivery costs |
| Profit and loss with a balance sheet | This year so far, and what the business owns and owes | Walk-in cooler, delivery van and stock as assets |
| Debt list | Each loan, lease or advance the shop carries now, and what it costs monthly | Leased equipment and any card-sales advance |
| Owner and entity papers | Ownership of the shop and proof it is registered with the state | Formation papers and the EIN letter |
| The quote, invoice or order | What the money will actually pay for | A cooler quote or a wholesale flower invoice |
Not every partner asks for all six. An equipment request may lean on the quote, while a working capital request leans on the statements.
One invented request through a partner's review: the Morgan County, CO clinic's anesthesia machine
Each partner sets its own standards. Followed through the invented anesthesia machine request, a review may touch each of these:
- Cash flow: whether deposits from client visits cover current costs and the new payment
- Payments on the books: what the clinic still owes each month on earlier equipment, if anything
- Credit history, personal for the owner and on file for the business
- Time in business and revenue, set against the anesthesia machine quote
- Security: whether the machine itself can secure the agreement, and whether a personal guarantee is expected
- Purpose: replacing a worn machine suits equipment financing better than working capital
Questions from the partner during review are normal. Answering them with documents rather than estimates keeps the review moving.
After a partner answers: three outcomes a Fort Morgan, CO request can have
- An offer, which states its own amount, rate or factor, length and fees
- A different structure, such as equipment financing in place of working capital when the money is for a machine
- A no, which can still be useful: ask whether a smaller amount or a longer statement history would have changed it
An offer is not an obligation. Read the total cost, compare it with the payment the business can carry, and ask Millfield or the partner about anything unclear before signing. Answers to other common questions are on the FAQ page.
By Millfield Business Capital · Updated