A store owner calls Frostpine Loans or sends the request form, and funding partners set any rate and term on equipment financing, inventory financing, a credit line or a merchant cash advance.
A van and a camera kit fit equipment financing; a supplier discount and a payroll gap fit short credit line draws. The invented cases below are priced from their own inputs, and the discount case shows when a draw costs less than the discount it earns.
At a glance
- Retail Trade (NAICS 44-45), Elkhart County, IN
708 employer establishments (CBP 2023)
- Retail stores with fewer than 5 employees
289, or 40.8% (CBP 2023)
- Retail trade establishments with a ZIP 46526 address
153 (ZBP 2023)
- Annual payroll, retail trade, Elkhart County, IN
$347 million (CBP 2023)
Paying for a delivery van at an Elkhart County, IN furniture store
Furniture and home furnishings stores made up 25 of the employer establishments in Elkhart County, IN retail for 2023 (NAICS 442, County Business Patterns). For a store like that, delivery is part of the sale. In this invented case one such store finds a used cargo van at $34,800 and pays $3,000 of it from cash, leaving $31,800 to finance.
Through equipment financing at 10.9% a year, five years of payments on the invented $31,800 come to $689.82 a month and $41,389.20 overall; $9,589.20 of it is interest. A partner may hold the van’s title until the last payment, the same way a dealer loan does.
Insurance, fuel and upkeep stay outside the loan and belong in the monthly budget beside the payment. A partner may ask for the van’s VIN and mileage along with the seller’s quote.
Term loan or credit line for a supplier’s early-pay discount? An Elkhart County, IN retail shop view
An early-pay discount is a supplier’s price cut for settling an invoice ahead of its due date. In this invented case an Elkhart County, IN home goods store receives a $24,000 order with terms of 2% off if paid in 10 days, or the full amount in 30 days. In this invented case, paying early means sending $23,520 and keeping $480.
If the store draws the invented $23,520 on a line of credit on day 10 and pays it back on day 30, when the full invoice would have been due, simple interest at 13.1% a year for those 20 days comes to $168.83. The store keeps $311.17 of the discount after interest in this invented case.
A 12-month term loan turns the same move into a loss. Borrowing the invented $23,520 at 12.6% a year for 12 months costs $1,635.96 in interest, far more than the $480 discount. The discount only pays when the money is out for days, which is what a credit line draw does.
Financing a security camera kit and a floor scrubber for Goshen, IN retailers
Equipment for a store does not have to sit on the sales floor. In this invented case a Goshen, IN grocery adds a security camera kit with eight cameras and a recorder for $6,840 and a walk-behind floor scrubber for $5,960, $12,800 in one request.
Financing the invented $12,800 for 36 months at 12.05% a year sets a payment of $425.45, and the store pays $15,316.20 by the end of the term. The scrubber and the recorder are movable equipment, which a partner may take as collateral.
Running cable through the ceiling and adding outlets for the cameras is wiring in the building, which is property work outside this site. The request names the camera kit and the scrubber; an electrician’s bill for the cable runs is arranged by the store.
Retail trade in Elkhart County, IN: the 2023 count and some store types inside it
Retail trade in Elkhart County, IN came to 708 employer establishments in the 2023 County Business Patterns. Those stores carried 10,164 employees and $347 million of yearly payroll; 289 of them, 40.8%, staffed fewer than five people. Among others, these store types sit inside the count:
| NAICS industry | Employer establishments | Share with fewer than 5 employees |
|---|---|---|
| Building material and garden supply dealers (444) | 73 | 31.5% |
| Automotive Parts, Accessories, and Tire Stores (4413) | 58 | 24.1% |
| Automobile Dealers (4411) | 56 | 57.1% |
| Grocery Stores (4451) | 47 | 21.3% |
| Clothing and Clothing Accessories Stores (448) | 44 | 45.5% |
| Furniture and Home Furnishings Stores (442) | 25 | 60.0% |
ZIP 46526, which carries the Goshen, IN name, held 153 retail trade establishments with paid employees in 2023 (ZIP Code Business Patterns), with 34.0% of them under five employees.
Owner-only stores sit in Nonemployer Statistics, which recorded 1,396 retail businesses without paid employees in Elkhart County, IN for 2024.
Business loans for retail with payroll on the table at an Elkhart County, IN building supply store
A building supply store that sells to contractors on charge accounts waits for its money. In this invented case an Elkhart County, IN dealer pays $11,340 in payroll every two weeks while a large account pays 45 days after the materials leave the yard. Depending on the calendar, 3 or 4 paydays fall inside those 45 days, $34,020 to $45,360 of invented payroll.
A credit line draw of two payrolls, $22,680, held for the 45 days at 13.45% a year carries $376.08 of simple interest in this invented case. The rest of the payroll comes from daily counter sales. The draw is paid down when the account pays, and the line is ready again for the next one.
Two other routes fit different shapes of the same problem. Inventory financing pays for the lumber and fasteners themselves when a partner may take the stock as collateral, and a merchant cash advance draws on the counter’s card sales. The other trades on the industries page show how the same products fit different costs.
By Frostpine Loans · Updated