Requesting a business loan requires adequate preparation sending a clear message to the lender that the loan applicant knows what he/she is doing, is going to use the money for actual growth, and has a clear plan to pay the money back. No matter how pretty the applicant may paint his loan payback proposal, the lenders see it only with their own measure.
We help our client prepare a winning loan proposal. Our proposals have a high likelihood of success because they’re created from the lender’s perspective.
Our winning loan proposals come complete with…
- Executive Summary: Where we concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it’s needed.
- Pro-forma Cash Budgets and Financial Statements: We use your data and underlying assumptions to prepare information that your banker can easily read and buy in to.
- Owners Personal Financial Statements: We make copies of the last 3 years of personal tax returns for the bank as well as identify the collateral being pledged as security for the loan.
- Representation: We help substantiate your financial needs/position to your banker in person.