The form on this page and the phone line, (865) 326-1090, both start a request. Boldwick follows up to talk through the cost, a funding partner reviews the request and any documents it asks for, and the owner decides on any offer.
Steps to apply for a small business loan, followed through a Sevierville, TN cabinet shop's hardwood order
A cabinet shop in Sevierville, TN that lands a large kitchen order may need hardwood, plywood and hinges before the customer's deposit covers them. Followed through Boldwick, the request moves like this:
- The owner sends the form on this page or calls (865) 326-1090.
- Boldwick calls back and talks through the order: the materials cost, when the supplier wants payment and when the customer pays.
- The cost is matched to a funding type; materials that turn into one paid job can fit a working capital loan or a draw on a line of credit.
- Whichever partner picks the request up names the records it wants; for lumber and hinges that can mean the hardwood supplier's quote and recent bank statements.
- The partner weighs the job, the shop's deposits and its other payments, then may offer terms or pass.
- The owner compares any offer in dollars and decides whether to sign.
Illustration only, invented figures: the shop finances $13,700 of materials at an annual rate of 12.45% for 12 months. Each month it sends $1,220.11; by the twelfth payment it has paid $14,641.32, and the $941.32 above the materials price is what the money cost the job.
What banks and other partners may look at in a Sevier County, TN clothing store's payroll request
A clothing store in Sevier County, TN asking for a loan to carry payroll while a large stock order sells through is asking a bank or funding partner to rely on its deposits. Each lender runs its own review, but these are points a lender may look at:
- Months in business, counted from when the store first took in sales.
- Monthly card and cash deposits, and how far they swing between a strong month and a weak one.
- The payroll itself: how many people, how often they are paid and what each payroll totals.
- Loan, lease or advance payments the store already makes.
- The owners' personal credit and, at some lenders, a business credit report.
- How the store plans to clear the loan as the stock sells.
Clothing retail is a sizable employer locally: the 162 clothing and clothing accessories stores counted in Sevier County, TN for 2023 had 2,072 paid employees between them (County Business Patterns, NAICS 448).
Documents required for a business loan when a Sevierville, TN veterinary clinic prices an ultrasound unit
A veterinary clinic in Sevierville, TN pricing a portable ultrasound unit is making an equipment request, and the documents follow from that. Any of these can come up during a funding partner's review:
- The dealer's written quote for the ultrasound unit, listing the model, the price and any probes or software.
- Recent statements from the clinic's business checking account.
- The clinic's most recent filed tax return, plus income and expense figures for this year to date.
- Articles of organization or other formation papers, and the clinic's EIN.
- Photo ID, such as a driver's license, for every owner whose name goes on the paperwork.
- A schedule of current loans and leases, including any on other clinic equipment.
None of these go on the request form; a partner may ask for them during its review, and some ask for fewer. The unit is movable equipment, so it can be requested as equipment financing; the how-it-works page follows a request through a partner's document review.
Business loan application checklist for supplier payments at a Sevier County, TN motel
A motel in Sevier County, TN that wants to cover laundry service, cleaning supply and front-desk software invoices can line up its answers before a partner's own application arrives. This checklist puts them in one place:
- Supplier invoices due over the next 60 days, totaled by supplier.
- Recent months of business bank statements, in the order a partner asks for them.
- Room revenue by month for the past year, from the property management system.
- Current loan, lease and advance payments, with each balance and the company holding it.
- The owner's ID, plus the motel's EIN and formation papers.
- A sentence on how the invoices get paid back: from room revenue as it comes in, over how many months.
The FAQ page has shorter answers on collateral and on comparing two offers in dollars.
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