An owner in Mattoon, Arcola, Tuscola, Sullivan, Arthur, Casey or another city or village near Charleston, IL can ask about business loans the same way as an owner in Charleston, IL: by phone at (217) 335-6680 or with the short request form. Each request then goes from Windmead Financial to funding partners, and the partners review it and make any decision.
Owners in the cities and villages listed here can call Windmead Financial in Charleston, IL or send the request form, and funding partners review each request. Figures for each place are ZIP code counts from ZIP Code Business Patterns 2023, with American Community Survey self-employment shares where the survey supports them. The lease deposit case uses invented figures.
Mattoon, IL and Oakland, IL: the other Coles County, IL cities on this page
Charleston, IL has its own page, with Coles County, IL and ZIP 61920 counts. The two other Coles County, IL cities named here are counted by ZIP code, and each ZIP reaches well past the city limits.
Mattoon, IL: retail trade had more employer establishments than any other sector in ZIP 61938, 103 of the 597 that ZIP Code Business Patterns listed there in 2023. A Mattoon, IL store that needs fuller shelves before a large order can look at inventory financing. In the 2020-2024 American Community Survey, 5.5% (±2.1) of Mattoon, IL residents aged 16 and over with jobs worked for themselves.
Oakland, IL: very small staffs are the rule in ZIP 61943, which takes in the city; 78.1% of the ZIP's 32 employer establishments had fewer than five employees in 2023 (ZBP). A business with two or three people on staff can request a term loan or a line of credit by phone like any other.
Arcola, IL, Tuscola, IL and Newman, IL: Douglas County, IL cities counted by ZIP code
Arcola, IL: manufacturing led ZIP 61910 by establishment count in 2023, with 19 of the 134 employer establishments there (ZBP). A shop replacing a press or a saw can ask about equipment financing. The 2020-2024 American Community Survey puts the self-employed at 7.0% (±2.6) of employed Arcola, IL residents aged 16 and over.
Tuscola, IL: ZIP 61953 had 184 employer establishments in 2023, with retail trade (31) and accommodation and food services (23) the two largest sectors by count, and 44.6% of the whole group had fewer than five employees (ZBP). A store or restaurant there can ask about working capital for wages that come due before deposits do.
Newman, IL: ZIP 61942 counted 30 employer establishments with 184 paid employees in the pay period that included March 12, 2023 (ZBP).
Sullivan, IL and the village of Arthur, IL, where Moultrie County, IL meets Douglas County, IL
Sullivan, IL is a city in Moultrie County, IL. Construction had the most employer establishments of any sector in ZIP 61951 in 2023, 33 of 201, and the ZIP's employer establishments reported $183.6 million of annual payroll (ZBP). Contractors there can compare a line of credit for materials with a loan for a single machine. In the 2020-2024 American Community Survey, 9.3% (±4.3) of employed Sullivan, IL residents aged 16 and over were self-employed.
Arthur, IL is a village that lies partly in Douglas County, IL and partly in Moultrie County, IL. ZIP 61911 listed 208 employer establishments in 2023; manufacturing (52) and construction (37) were the two largest sectors by establishment count, and 52.4% of the 208 had fewer than five employees (ZBP). A manufacturer replacing a machine there can ask about equipment financing over a term that fits the machine.
Casey, IL, Martinsville, IL, Neoga, IL, Greenup, IL and Toledo, IL in Clark County, IL and Cumberland County, IL
Casey, IL, Martinsville, IL, Neoga, IL, Greenup, IL and Toledo, IL lie beyond the Coles County, IL line, so each entry below rests on a ZIP code count from ZIP Code Business Patterns 2023 instead.
- Casey, IL, a city in Clark County, IL and Cumberland County, IL: ZIP 62420 listed 115 employer establishments, with retail trade and health care and social assistance tied for the most at 15 each.
- Martinsville, IL, a city in Clark County, IL: of the 43 employer establishments in ZIP 62442, 12 were in other services (except public administration), and 58.1% of the 43 had fewer than five employees.
- Neoga, IL, a city in Cumberland County, IL: ZIP 62447 had 44 employer establishments, with 441 paid employees in the pay period that included March 12.
- Greenup, IL, a village in Cumberland County, IL: ZIP 62428 counted 54 employer establishments and 990 paid employees.
- Toledo, IL, a village in Cumberland County, IL: 69.6% of the 56 employer establishments in ZIP 62468 had fewer than five employees.
Whether the business sits in Casey, IL or in Toledo, IL, the number to call is still (217) 335-6680.
A lease deposit carried on a working capital loan: a Coles County, IL shoe store signing a new lease
Illustration only, invented figures: a Coles County, IL shoe store signs a new lease on its space at $1,850 a month. The landlord asks for a deposit of two months' rent, $3,700, plus the first month, so $5,550 is due at signing.
Covering that invented $5,550 with a working capital loan over 12 months at 12.8% a year would mean payments of $495.19, or $5,942.28 across the year, $392.28 of it interest. The first payment arrives a month later alongside the next rent, so that month the store needs $2,345.19 for the two together.
- Get the amount due at signing in writing, and which part of it the lease treats as refundable
- Treat the deposit as cash tied up for the length of the lease, not as a cost that comes back soon
- Price shelving, a register and other movable fixtures on their own; equipment financing can carry them on a separate schedule
- Line up the first loan payment with the second rent before signing, not after
By Windmead Financial · Updated