Valeshire Financial passes each firm’s request to funding partners, and a partner that takes it up reviews the firm and sets any terms.
A multi-year software license prepaid at a discount fits a term loan. A mapping drone and its software fit equipment financing, and so does a meeting-room camera and display. A subconsultant invoice that comes due before the client pays fits a credit line draw. Network cabling and office construction are property work outside this site.
At a glance
- Accounting, tax preparation, bookkeeping and payroll services, Lenawee County, MI
30 employer establishments (CBP 2023)
- Architectural, engineering and related services, Lenawee County, MI
15 employer establishments (CBP 2023)
- Accounting, tax preparation, bookkeeping and payroll services with a ZIP 49221 address
15 employer establishments (ZBP 2023)
- Accounting, tax preparation, bookkeeping and payroll services without paid employees
58 in Lenawee County, MI (NES 2024)
Software licenses at an Adrian, MI accounting practice: prepaying three years on a term loan
Tax and audit software is licensed by the year, and some vendors offer a lower price for several years paid at once. Prepaid software is a cost with no machine behind it, so it fits a term loan rather than equipment financing.
In this invented example a five-user license costs $9,850 a year, or $25,120 for three years paid up front. Financed on a 24-month term loan at 11.8%, the invented prepayment costs $1,180.14 a month; the 24 payments total $28,323.36, with $3,203.36 of interest, which is $1,226.64 less than three invented annual bills, and the third year carries no software payment at all.
The comparison depends on the firm keeping the same software for all three years. A vendor’s refund terms for a prepaid license are worth reading before the request goes in.
How many Lenawee County, MI accounting and engineering offices have staff: 2023 and 2024 counts
Small offices make up most of the accounting count in Lenawee County, MI: in 2023, 19 of its 30 establishments in accounting, tax preparation, bookkeeping and payroll services (NAICS 5412) had fewer than five employees, or 63.3%, by the County Business Patterns. Between them, the 30 offices carried 199 paid employees and an annual payroll of $7 million.
Engineering and design offices are a smaller group: architectural, engineering and related services (NAICS 5413) had 15 employer establishments in the county, and 13 of those had fewer than five employees; their combined annual payroll was $968,000. At ZIP 49221 addresses, the 2023 ZIP Code Business Patterns counted 15 accounting, tax preparation, bookkeeping and payroll services establishments and 5 architectural, engineering and related services establishments.
Firms with no paid employees are counted by Nonemployer Statistics: for 2024, Lenawee County, MI had 58 accounting, tax preparation, bookkeeping and payroll services businesses without paid employees, with $1.6 million in receipts, and 47 architectural, engineering and related services businesses, with $2.1 million. The Adrian, MI page explains how a call to the office starts a request.
A line of credit for a subconsultant invoice at an Adrian, MI consulting or engineering firm
A firm on a fixed-fee project may bring in a specialist, such as a geotechnical engineer, whose invoice comes due before the client’s milestone payment arrives.
In this invented case the subconsultant invoice is $6,450, due 30 days after it is issued, and the client pays the milestone 41 days later. Drawn on a line of credit at 13.9% on the due date and paid back when the milestone clears, the invented draw is out 41 days and carries $100.71 of simple interest.
A draw like this fits a cost that a specific payment will clear. If the client’s payment date moves, the draw stays out longer and the interest grows day by day.
A mapping drone and its software for a Lenawee County, MI engineering firm
An engineering or consulting firm that maps sites for its reports may buy a drone with a positioning module, the processing software that turns its photos into maps and surfaces, and spare batteries.
In this invented example the drone costs $14,800, a perpetual software license $3,900 and batteries with a case $1,260, $19,960 together, on equipment financing over 36 months at 12.3%. For the invented mapping drone package the monthly figure is $665.82, which over three years is $23,969.52 with $4,009.52 of interest in it.
A funding partner may treat the software part of the quote differently from the drone itself, since the license cannot be resold. Splitting the quote by item makes that easy to see.
A meeting-room camera, display and laptops for an Adrian, MI CPA firm’s client meetings
Clients who meet by video see the firm through its meeting room. A display on a rolling stand, a conference camera with a speaker bar and laptops with docks for the staff who run those meetings are all movable equipment.
Invented case: a 75-inch display on a stand at $1,890, a camera and speaker bar at $1,240 and four laptops with docks at $1,480 each, $9,050 in all, financed over 30 months at 13.2%. The invented payment is $355.82, and the term totals $10,674.60, of which $1,624.60 is interest.
Mounting the display on a wall or running new cable through the ceiling is work on the building, which is property work outside this site. The industries page has the other trades.
By Valeshire Financial · Updated
