Funding Readiness
Explaining Your Numbers to a Skeptical Loan Officer
A client of mine had a genuinely strong file, healthy revenue, reasonable debt load, two years in business, and still got...
Former underwriter and lending writer
Marcus spent over a decade underwriting small business loans for a regional bank before he started writing about the process from the other side of the desk. He explains what a lender is actually looking at, not what a broker says they want to hear.
Funding Readiness
A client of mine had a genuinely strong file, healthy revenue, reasonable debt load, two years in business, and still got...
Business Loans
I signed my first personal guarantee without reading past the first paragraph, because the loan officer described it as...
Business Loans
An applicant once told me she had submitted to eleven lenders in a single week, on the theory that more attempts meant better...
Funding Readiness
The applications I approved fastest during my underwriting years almost never had the strongest numbers on paper.
Alternative Funding
A supplier once explained invoice factoring to me as "getting paid early for a fee," which is technically accurate and almost...
Business Loans
A business owner told me last month that she had been quoted an SBA loan at a lower rate than a conventional term loan and...