Commercial Loan Assistance
Seeking bank financing can be a stressful
experience, especially if you are not prepared to answer tough questions
about your business or are uncertain about what information is necessary
to provide. One of our
specialists, a former commercial banker, can review your information and
provide suggestions to help you present the most powerful case to the
lender. He can also discuss
possible loan structures, how SBA guarantees work, or other possible funding
options.
What
you can do with Loan Application Assistance
Often times, lenders will refer clients to us for assistance, so why not
just start here? We will
help you decide what to include in your application package, review your
business plan and projections, and indicate any weak areas that a lender
is likely to question.
Therefore you will be prepared to answer lender questions rather than
surprised.
A good loan application will normally include:
-
A well thought-out, yet concise business plan.
-
Financial projections for 3 years.
-
If you have an existing business, historical financial statements
for the past 3 years, including tax returns.
-
Relevant attachments that will showcase the business or support the
plan.
-
Personal financial statements for the principal owners.
-
A listing of collateral available to support the loan request.
While this is not an all-encompassing list, it includes the basic
information that most lenders are looking for, but rarely receive
initially. By presenting
this information at the first meeting, you will demonstrate that you are
professional and well prepared.
While SBDC assistance is certainly no guarantee of success, it is
likely to improve your chances of obtaining funding.
Ready for help?
Register as a client on our website if:
- You have not registered at our website before.
Directly contact the Commercial Loan Assistance
- You have registered at our website before and need Commercial
Loan Assistance
-
Loan Application Consulting:
Bruce Morse
Regional Director,
Powell,
800.383.0371
Email
Bruce
