Boldmont Lending, a small-business funding service based in Urbana, Illinois, takes requests by phone and online form. This page lists how to reach Boldmont and the questions Champaign County, IL owners can ask any lender or funding partner before applying for a business loan.
Phone and address for Boldmont Lending, Urbana, IL
Call: (217) 319-6375. Street address: 123 W Main St, Urbana, IL 61801. Requests can also be sent through the online request form ; a call back follows.
County figures and the local business mix are on Boldmont's page on Urbana, IL .
Questions to ask lenders in Urbana, IL
- What is the total of all payments, and how much will I receive after fees?
- Is the payment monthly, weekly or daily?
- What collateral and what personal guarantee do you require?
- What happens if I pay the balance off early?
- What would cause a default, and what follows one?
Questions to ask when applying for a business loan as a Champaign County, IL business
- Which records will you read, and in what format?
- Will you check my personal credit, and is that check soft or hard?
- Who will I hear from, and how, once the request is in?
- Is any part of the decision conditional on more documents?
Questions to ask when getting a business loan: what Urbana, IL owners should know
Ask the questions in writing if you can, and keep the answers with the offer. When two offers arrive, put them in the same table: amount received, payment, frequency, number of payments, total, collateral. A smaller monthly payment can still carry a larger total.
Questions to ask before getting a loan around Urbana, IL
- Does the purpose match the option, or am I using short money for a long purchase?
- Can my deposits carry the payment in a weak month?
- Do I have quotes, bids or a purchase agreement ready?
- Have I listed every existing loan and advance?
By Boldmont Lending · Updated