For new service business owners

Can you make this month's loan payments? I'll warn you early.

You bought a business you may never have run, with a bank loan and often a seller note. I read its bank, cards, accounting and payroll, and text you before cash gets tight, with the next step already drafted.

Read-only. I can see your accounts but can't move money on my own. You decide.

Ordino
  1. Mon 7:45 AM
  2. Day 3 of ownership. I connected the operating account and the two cards that came with the business. Your first payroll runs Friday: $24,800. Cash covers it with $37K left.
  3. and the loan payments on the 1st?
  4. The bank loan is $6,850 and the seller note $2,100. After payroll and both payments, I expect about $9,400 the week of the 1st. I'll text you if it looks like falling short.
  5. Wed 2:30 PM
  6. the old owner had a lot on autopay. what am I inheriting?
  7. 14 recurring charges. Three look like his, not the business's: GPS tracking on a truck that didn't transfer, a $90 phone line, and a trade magazine. $310 a month together. Each one is on Subscription Audit with a link to the vendor's cancel page.
  8. Read

Sample texts. Names and figures are illustrative.

Start with Starter See the Decision Center demo

On day one, all of it is yours.

The loan payments start whether or not the first month goes well.

  • New accounts, no history

    The business often gets a new bank account and new books at closing, so there's nothing to compare this month against yet.

  • Payments from the first month

    A bank loan, often a seller note, and payroll every week or two.

  • Whatever the old owner set up

    Autopay, subscriptions and contracts that came with the business, and some that don't need to stay.

  • What only the old owner knew

    Which customers matter most and what they were promised. That part is the handoff, and Soothfast is built for it.

What I watch from the first week

All of this works today, from the accounts the business already has.

Cash and payments

  • Payroll, bills and taxes coming due, and how many weeks cash lasts
  • A warning before cash falls short: how big the gap is, for how long, and what could close it before borrowing
  • Operator: 13-week cash, with every loan payment in it

Loans and the seller note

  • Every loan in one place: the bank or SBA loan, the seller note, equipment, cards and lines, and which ones you personally guaranteed
  • The next 60 days of loan and seller-note payments, with their dates
  • Your coverage: what's left from running the business against your loan payments. It's my estimate; your loan agreement may define it differently, and your lender's figure is the one that counts
  • A warning when cash after a payment looks below a line you set, or coverage drops below the figure in your loan agreement
  • A lender pack: one PDF with profit and loss, cash and debt

What came with the business

  • Subscriptions and recurring charges, each with the vendor's cancel page. The cancelling is yours
  • Contracts about to renew, before the cancellation window closes
  • What customers owe, with reminders drafted for you to send

Customers and jobs

  • How long each customer usually takes to pay, and who's late for them
  • Regular customers who've gone quiet
  • Operator: profit by customer and kind of work, and jobs that cost more than you billed (with Jobber)

Everything here comes with Starter, except the two items marked Operator. See plans and pricing

Your first month, honestly

If the business has new accounts, I start with no history. Some things work on day one; others need a few weeks or months of the business's own numbers. A seller note paid by check won't show in the bank, so add it with its payment and I'll count it.

What fills in when

  • Day onePayroll and bills coming due, the charges that came with the business, and your loan payments once you add your loans.
  • The first few weeksWarnings before a loan payment. They're less certain at first, and I say so.
  • About two monthsYour coverage.
  • About three monthsMargin, days to get paid and the other monthly figures.

Haven't closed yet? That's Soothfast.

Soothfast helps owners get ready to sell, then hands the owner's customer knowledge to the buyer and tracks, from the business's own bank account, which customers stayed. Ordino picks up from closing.

Soothfast opens soon at getsoothfast.com.

A sister company from the founder of Ordino and Mullet.

Read-only accessI never move money on my ownI never contact the sellerYour data is never sold or used to train AI

Questions new owners ask

Does the seller need to know I use Ordino?

No. Ordino works for you, the owner. You connect the business's accounts yourself, and I never contact the seller.

Is this a valuation, or advice on my loan?

No. I show estimates from your own accounts. I don't value the business, give legal or financial advice, or tell you whether to borrow. Your loan agreement and your lender decide what counts.

I haven't closed yet. Can Ordino help?

Ordino starts at closing, once the business's accounts are yours to connect. Before closing, our sister company Soothfast helps sellers get ready and runs the customer handoff. It opens soon at getsoothfast.com.

How soon does Ordino help?

From the first day: payroll and bills coming due, the charges that came with the business, and your loan payments once you add your loans. Coverage needs about two months of the business's bank history, and monthly figures like margin and days to get paid about three.

Do I need Jobber?

No. Job costs, quotes and finished jobs not invoiced need Jobber. Everything else works from your bank, cards, accounting and payroll.

Can you make this month's loan payments? I'll warn you early.

Start with StarterSee the Decision Center demo