about a business loan?
Stack the deck in your favor - before you approach a lender!
first place most business owners and managers turn when they're
thinking about a loan is their own bank. Seems logical; after
all, the relationship is well established.
there is a potential problem in simply submitting documents as
requested, even if you know the bank officers personally.
the bank sees a significant error in your financial reports, or
a shortcoming in a key ratio, they are not likely to tell you
much about it, or how you might be able to bring it up to their
standard. They're more likely to simply decline.
would they do this, especially to a long-time customer? The answer
is simple: most banks have a policy whereby a loan officer cannot
tell a customer how to run his or her business. If they were to
do so, and something went wrong with the customer's loan repayment,
the customer might say the bank was somehow responsible.
way to improve your chance of success is to have one of our experienced
professionals look at your loan application package before it
goes to a lender.
Pathfinder Metrics Financing Package is flexible enough
to simply review your documents and give you a critique, or it
can include full loan package preparation. A professional approach
can show your loan repayment projections and your company's creditworthiness
in a favorable light.