Loan Readiness Package

Helping you gather and complete the essential documents required by a bank to submit a loan application

Business Lending Advocate Loan Readiness

What is the Loan Readiness Package?

The Loan Readiness Package is ideal for busy business owners who need help completing the essential documents most banks require when applying for a business loan. Learn what documents are required from you, get help completing them, reviewing them for accuracy, and combining them into an organized file so they can be easily reviewed and assessed for loan qualification by any bank.

Don’t have the required forms? Business Lending Advocate has verified, professional templates for your use!

What are the required documents?

  • Financial Statements: Balance Sheet and Profit and Loss Statement (also known as the Income Statement)
  • Business Description Form: Executive summary about the business and owners
  • Personal Financial Statement: A snapshot of the owner’s financials at a particular point in time.
  • Business Debt Summary: A listing of all business debt.
  • Supporting Documentation for Loan Purpose: Documentation required specific to the purpose of the loan.
Business Lending Advocate Loan Readiness Paperwork
Business Lending Advocate Loan Readiness Paperwork

What are the required documents?

  • Financial Statements: Balance Sheet and Profit and Loss Statement (also known as the Income Statement)
  • Business Description Form: Executive summary about the business and owners
  • Personal Financial Statement: A snapshot of the owner’s financials at a particular point in time.
  • Business Debt Summary: A listing of all business debt.
  • Supporting Documentation for Loan Purpose: Documentation required specific to the purpose of the loan.

Plus, even more

On top of helping with completing and reviewing the required documents, we also make sure you and your business gain a strong understanding of the banks processes and how they will assess your business. Therefore, we also include these services in this package:

Two 60 minute one-on-one consultations with an experienced Business Banker

In the Strategy Meeting, we will assess where you are in your business and create an appropriate strategy to determine what steps will be required so that we can complete the loan package. In the Final Meeting, we will review all that we have completed and close any loose ends. 

Personalized Cover Letter

Receive a Cover Letter written by an experienced business banker that highlights the essential information about you and your business that your bankers needs to know to assess the overall loan request.

Review the financial statements

For clients who have financial statements generated by a CPA, we will review them to see if there are any inaccurate or unordinary expenses that could potentially have a negative effect on the loan request.

Connect the business with a CPA

For clients who don’t have financial statements generated by a CPA, we will help facilitate the process of getting set up with a CPA to generate the financial statements that are required for the loan request.

After purchasing, you will receive an onboarding email where you can set your first Strategy Meeting.

Here,

  • Inform us of the documents you currently have, don’t have, and have already begun.
  • Learn about all of the different documents, how to complete them, and how the banks use them to assess your business
  • Learn about any other supporting documents the bank is going to require from you specific to your loan purpose
  • Create a strategy for you and your Advocate to work together to complete any of the incomplete or inaccurate documents
  • Schedule your second meeting where you will receive the completed loan package file with all of your new, complete, and accurate documentation that is ready to be sent straight to any banker at any bank. 

Questions? We are always available to help.

Other products and services you may be interested in:

Hourly Consulting

$100/hour

Some key features

  • One-on-one Consultation with Rosantina Aranda, an experienced business banker who worked in business banking for over 30 years
  • Receive professional insights about banking, business loans, bank lending, and any questions you have.
  • Receive an email after the meeting summarizing every question, answer, and piece of advice discussed.
  • Get connected with trusted business professionals that can further assist you with your business needs (Bankers, CPA’s, Bookkeepers, etc.)

Loan Qualification Assessment

$299

Some key features

  • Know if you qualify for a business loan within 48 hours WITHOUT running your credit.
  • Receive a customized report of your business & personal ability to cash flow for a new loan request
  • Get insight knowledge of bank loan terms and collateral requirements based on loan purpose and amount.

  • 1-Hour meeting with an experienced business banker to review your report results with you and answer any questions you may have.

Credit Report Knowledge

$199

Some key features

  • How to gain access to your credit report history: Navigate through the three main credit bureaus; Equifax, Transunion, and Experian.
  • Identify key things that you can immediately do to help increase or repair your credit report.

  • Protect your credit report from being used for any fraudulent activity

  • Learn from a banker’s perspective what your credit reports say about you, and how this affects your ability to borrow.
  • Immediately dispute any inaccurate data on your credit reports that may be affecting your ability to borrow

SBA 7A Loan Packaging

$2,000

Some key features

  • Gather and complete all the required documentation required for an SBA 7a loan. 
  • Get connected with trusted Banks and Credit Unions to process the loan request.

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Our services help better prepare you to apply for a bank loan, we do not guarantee loan approval with any organization.