Short answers to common business funding questions, most with an invented example. Partners set requirements, and tax questions belong with the owner's tax preparer.
Is equipment financing debt? A Rutherford County, TN chiropractic office's shockwave unit as the test case
Yes, in the everyday sense. Illustration only, invented figures: a Rutherford County, TN chiropractic office that finances a $21,000 shockwave unit with a loan or an equipment finance agreement owes the remaining payments, and a lease commits it to the payments in the contract. Whether it shows on the balance sheet, and how, is for the office's accountant to say.
Nonemployer Statistics counted 516 offices of other health practitioners without paid employees in Rutherford County, TN in 2024. The equipment financing page works through leases, loans and agreements side by side.
Can I get a loan to buy a business? A Smyrna, TN clinic purchase, business side only
Yes. Buying an existing business, practice or partner's share is a term loan use: the funding covers the business side, such as equipment, goodwill, stock and working capital. Any building or land in the deal counts as real estate and stays outside this site.
Illustration only, invented figures. A Smyrna, TN clinic buyer agrees on a price for the practice, its equipment and its patient records, while the seller keeps the building and leases it to the buyer. The business term loans page shows how a down payment changes the financed amount.
Is a line of credit tax deductible? What a Smyrna, TN contractor can ask a tax preparer about the interest
Whether line of credit interest can be deducted is a tax question, and this site does not give tax advice. The owner's tax preparer decides how it applies.
Illustration only, invented figures. A Smyrna, TN drywall contractor who drew $12,000 to pay a federal tax bill can bring the preparer the draw dates, the interest charged each month and a note of what each draw paid for.
Is collateral needed for a business loan? A Smyrna, TN kitchen's walk-in cooler as the example
It depends on the product. Some funding is secured by the item it buys or by other business assets; some is unsecured and leans on revenue and credit. Each partner decides what, if anything, it asks to secure an offer.
Illustration only, invented figures. A Smyrna, TN kitchen buying a $14,000 walk-in cooler unit may see the cooler itself named as collateral in an equipment offer, while a working capital offer for the same kitchen may name no specific asset.
How long should a business be open before applying? A Rutherford County, TN builder adding a second crew
Each funding partner sets its own time-in-business minimum, and the request form asks for time in business so the request reaches partners that fit. Startups without revenue are outside this site.
Illustration only, invented figures. A Rutherford County, TN home builder that has operated for six years and wants a second framing crew can request funding for the crew's tools and first payrolls; the partner decides what that history supports.
Questions this page leaves open can go straight to the office; the phone number and street address are on the contact page.
By Deltaspring Lending Group ยท Updated