Contact Thistlespring Lenders: Phone Line and Office Address in Port Charlotte, FL

The phone line is (941) 419-2666. A contractor waiting on bid results can use the call to sort out the money before committing to anything. These are the questions worth settling about any offer that funds a bid deposit:

• If the bid is lost and the deposit comes back, can the balance be paid off early, and does that lower the total cost?
• Is the cost a rate on the balance or a fixed amount agreed at signing?
• Is the money a single advance, or a limit the business can draw on again for the next bid?
• Does the partner file a lien on business assets, and does the owner have to sign for the debt personally?

The answers come from the partner making the offer and from its written contract. Nothing a funding partner says on a call replaces what the contract states.

Payroll has fixed dates, so the payment schedule of any loan matters as much as its size. A contractor with payroll already lined up can ask:

• How often is a payment taken (every business day, each week or once a month), and on what day?
• Will the first payment come out before payroll day or after it?
• When could the money arrive once an offer is signed? The partner sets that timing; ask for it in writing.
• If the general contractor pays late, what does the contract allow: a skipped payment, a fee or nothing?

Bring the payroll dates and the expected payment date from the job to the call. Those two dates show whether a short working capital loan or a line of credit fits better.

A funding partner may be a lender or a cash-advance provider; the questions are the same either way. For money that will go to suppliers, ask:

• Can the partner pay the supplier directly, or does the money land in the business account first?
• What is the total cost in dollars over the whole term, not only the rate?
• Does the offer renew, and what happens to the limit or balance at renewal?
• Are there charges for paying early, for a late payment or for keeping a line open?

Two offers compare more clearly once both are written out as totals. The payment calculator shows the monthly payment for a loan amount, rate and term.

A second service van is equipment, and equipment financing can pay for it. Before the first call, it helps to have the details a funding partner may ask for later:

• The seller or dealer, and whether the van is new or used.
• Year, mileage and the vehicle identification number for a used van.
• The price with tax, title and any shelving or ladder racks, plus the planned down payment.
• The jobs or routes the van will run, and the business bank statements for recent months.

The office is at 19521 Cochran Blvd, Port Charlotte, FL 33948; call ahead on the same number. More on vans, lifts and excavators is on the equipment financing page. Partner buyouts, materials bills and repair bills for local contractors are worked through on the Port Charlotte, FL page.