The objective of this form is to determine if your business is ready to apply for a bank loan by answering 15 questions.  Based on your answers, you will receive a customized report that offers advice from an experienced banker. Bankers typically ask several common questions, and depending on the answers they can assess if the business is ready to apply for a loan or if they will need to do some preliminary work before.

The insights you will obtain with your customized report were developed after working with thousands of business owners.  It is the mission of Business Lending Advocate to empower the business owner with clear insights about the financial requirements to apply for a business loan so they can approach the bank with knowledge and confidence.

Banker Advice Report

The objective of this form is to determine if your business is ready to apply for a bank loan by answering 15 questions.  Based on your answers, you will receive a customized report that offers advice from an experienced banker. Bankers typically ask several common questions, and depending on the answers they can assess if the business is ready to apply for a loan or if they will need to do some preliminary work before.

The insights you will obtain with your customized report were developed after working with thousands of business owners.  It is the mission of Business Lending Advocate to empower the business owner with clear insights about the financial requirements to apply for a business loan so they can approach the bank with knowledge and confidence.

The Loan Qualification Assessment will provide you with the behind-the-scenes analysis most banks use to determine if you can qualify for a new loan.

As a former business banker, I was not able to assess if my clients met the minimum qualifying criteria unless their credit was run and they provided me with the essential documents required by the bank. Business Lending Advocate knows these processes, and we can provide you with an assessment that uses the bank’s calculations to determine if your business meets the minimum cash flow requirements.  At banks, you never see these assessments, so it can be difficult to understand how your business is being evaluated.

We are able to also provide you with advice and guidance on how to become bankable if you do not meet the minimum criteria. 

Loan Qualification Assessment

The Loan Qualification Assessment will provide you with the behind-the-scenes analysis most banks use to determine if you can qualify for a new loan.

Most banks will not share the results until after you provide all the required documentation then your information is sent to an underwriter, who will do the assessment and calculate if your income compared to your debt is sufficient enough to support a new loan payment.  You never see these assessments, so it can be difficult to understand how the bank is evaluating your business.

Business Lending Advocate knows these processes, and we will show you the behind-the-scenes calculations. We are able to also provide you with advice and guidance on how to become bankable if you do not meet the minimum criteria. 

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.

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.

Financial Statements: This service varies depending on where the business is in its bookkeeping.

• • 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.
    

Business Description: Executive summary about the business and owners

• • Provides the bank with the essential information about your business and what has made your business a success.

Personal Financial Statement: A snapshot of the owner’s financials at a particular point in time.

• • Guidance in completing the PFS form and assuring it is accurate.

Business Debt Summary: A listing of all business debt

• • Guidance in completing the Business Debt Summary form and assuring it is accurate.

Supporting Documentation for Loan Purpose:

• • Gathering the required documentation needed based on the purpose of the loan.

Each document/training can also be purchased a-la-carte dependent on necessity.

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.

Two hour one-on-one consultation with an experienced Business Banker

• In the initial one hour 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.

Financial Statements: This service varies depending on where the business is in their bookkeeping.

• Review the Financial Statements: For clients who have financial statements generated by a CPA, BLA will review the Balance Sheet to verify that it accurately reflect the business assets and liabilities. BLA will also review the Income Statement to see if there is 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, BLA will help facilitate the process of getting set up with a CPA to generate the financial statements that are required for the loan request.
• Sole proprietors (one owner, one account): For Sole Proprietors who don’t have Financial Statements, BLA will provide them with templates for a Balance Sheet and an Income Statement and will assist in completing them.

Business Description: Executive summary about the business and owners

• Provides the bank with the essential information about your business and what has made your business a success.

Personal Financial Statement: A snapshot of the owners financials at a particular point in time.

• Guidance in completing the PFS form and assuring it is accurate.

Business Debt Summary: A listing of all business debt

• Guidance in completing the Business Debt Summary form and assuring it is accurate.

Supporting Documentation for Loan Purpose:

• Gathering the required documentation needed based on the purpose of the loan.

Each document/training can also be purchased a-la-carte dependent on necessity.

Credit Report Knowledge

Partner with Banks and Credit Unions to help the business owner obtain all the required documentation required for SBA 7a loan. 

SBA 7a Loan Packaging

Partner with Banks and Credit Unions with helping the business owner obtain all the required documentation required for SBA 7a loan. Click here to schedule a free 25 minute consultation.