Reach Windmead Financial at (217) 335-6680, or start in writing with the request form. This page works through three invented costs (kitchen refrigeration, a soft-serve machine and therapy units), the points worth reading in any offer for each, and what happens after a first call.
A reach-in freezer and prep cooler on a 42-month loan: points a Charleston, IL sit-down restaurant can read in any offer
Illustration only, invented figures: a Charleston, IL sit-down restaurant replacing a reach-in freezer and a refrigerated prep table has an $18,650 quote. At an 11.35% annual rate over 42 months, an $18,650 equipment loan carries a monthly payment of $540.14. Over three and a half years the restaurant sends $22,685.88 in all, so the freezer and prep table carry $4,035.88 of interest.
Before signing for a loan like that, the restaurant can check a handful of points in the offer:
- Whether the freezer and prep table will still be running when payment 42 goes out
- Any fee taken out of the invented $18,650 at funding, which would leave less for the equipment order
- Whether paying the balance off in year two stops the interest or brings a prepayment charge
- Whether the kitchen payment stays the same for all 42 months
- Whether the offer asks the owner to sign a personal guarantee
The answers sit in the offer and with the funding partner behind it. Windmead Financial can go through them with the owner on a call before anything is signed.
A soft-serve machine at a Charleston, IL quick-service restaurant: payment rhythm, collateral and term in the offer
A Charleston, IL quick-service restaurant adding a soft-serve machine to its counter is paying for a machine whose sales arrive in small amounts every day. Four terms of the loan itself decide how those small amounts have to stretch:
- The payment schedule, since a soft-serve loan can be collected monthly or pulled weekly or daily from the account
- Whether the machine secures the loan, and what happens to it if the payments stop
- How the term compares with the years the machine and its service plan are expected to last
- Whether the price is shown as an annual rate, a flat fee or a factor, and the total in dollars
The machine is equipment; any new electrical circuit or water line for it is property work outside this site.
The equipment financing page works through other equipment cases with their payments.
Two offers for a Coles County, IL therapy office's paraffin bath and e-stim units, compared point by point
A Coles County, IL therapy office pricing a paraffin wax bath and two electrical stimulation units can lay any two offers side by side on the same points, whether they come from a bank, a credit union or a funding partner reached through Windmead Financial:
- The full cost of the paraffin bath and e-stim units over the term, with every fee counted
- Whether the rate is fixed for the term and stated as an annual rate
- Any charge for clearing the balance early
- Whether a lien is filed, and whether it reaches only these units or everything the office owns
- What follows a late payment, and how many days pass before a fee applies
Read this way, the two offers line up on the same points, rather than a payment from one being set against a rate from the other.
After the first call: how Windmead Financial follows up, and where the Charleston, IL office is
After the first call, the request goes to funding partners. A partner may get in touch for documents or with questions of its own, and any offer comes back with its amount, term and cost for the owner to read before deciding.
Windmead Financial keeps its desk at 504 6th St in Charleston, IL 61920, and calls to (217) 335-6680 reach that office. An owner who would rather begin in writing can use the request form, which asks for contact details and ranges for time in business, revenue and the amount, and leaves the rest for the follow-up conversation.
A repair bill or a quote with a due date is worth raising on that first call, since the date shapes which funding type fits.
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