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SMALL BUSINESS LOANS THAT WORK FOR YOU

HOW WE LEND

Where others see risk, we see opportunity. In order to make a loan to your business, we need to understand you and your small business. The information we request will help us through this process. If you don't have certain documents or financials, we can help you find the resources partners to assist you or provide templates to create them.

BEFORE APPLYING FOR A BUSINESS LOAN

Know what is on your credit report

Know what is on your credit report and have an idea of what your credit score is. Request a free credit report and dispute anything that is incorrect and be ready to explain any gaps in payments.

Be prepared

Be prepared to discuss how much of your own cash you’ll be putting into your business if it’s a startup. If you’re not putting cash in, document the equipment or other assets you’re contributing that will be part of the business.

A personal guaranty to repay

A personal guaranty to repay the loan will be required and personal and business assets will be used as collateral.

Closing costs and fees

Know that a loan will come with closing costs and fees. Inquire if these costs can be rolled into the loan or paid out-of-pocket.

The 5 C's of credit

Your loan officer’s job requires that the review the 5 Cs of credit when evaluating your loan request: character, capacity, capital, conditions, and collateral.

OUR PROCESS

LOAN INQUIRY

  • Provide information about you and your business
  • Schedule a meeting with a loan officer
  • Receive invite to the online loan application

APPLICATION

  • Upload documents to online platform
  • Credit Report
  • Application completed

LOAN PROCESSING

  • Review application
  • Confirm Eligibility
  • Identify discrepancies
  • Verify borrower information

ANALYSIS

  • Application underwritten
  • Analyze income
  • Analyze historical performance
  • Determine ability to repay loan

DECISION

  • Present application and analysis to loan committee
  • Loan approved or denied

CLOSING

  • Loan approval letter
  • Collect final documents prior to closing
  • Schedule loan closing
  • Loan closed and funded

COUNSELING

  • FREE 1 on 1 counseling throughout the life of the loan
  • Access to online training portal
  • Annual review and Site Visit

How to Prepare Your Small Business Loan Request


Here is a checklist of what you should have organized and ready to provide with your loan application. Additionally, you may find these templates useful to fully complete the required documents needed to apply to our loan programs.

Supporting Resources

Business Plan Template

Startup Financial Projections Template

Personal Financial Statement

Ready to Apply

Please fill out this brief form so we get to know you and your business. A member of our Loan Team will contact you shortly.