Funding Readiness
How Community Sponsorship Spending Looks to a Lender
A small hardware store owner applying for a term loan once asked me, half joking, whether the five hundred dollars a year he...
Former underwriter and lending writer, page 2 of 3
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 small hardware store owner applying for a term loan once asked me, half joking, whether the five hundred dollars a year he...
Business Loans
I underwrote equipment and structure loans for a decade, and steel building applications crossed my desk more often than people...
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.