What ..... you need the money for?     top

USE of FUNDS:

Provide explanation of what you need the money for. In general lenders prefer to lend for the acquisition of hard assets rather than for working capital. Hard assets include:

1 Land & Building

2 Inventory

3 Machinery & Equipment.

Who...........your character and ability to operate the venture.?     top

Who...........your character and ability to operate the venture.

Lenders want to fund business operated by individuals of good character, with a proven track record. If your venture is a start-up, or acquisition provide a brief narrative explaining your academic training & professional (work) experience that will enable you to operate this business successfully.

Please inform us of any credit difficulties at the earliest point in the process.

Where........is the project located?    top

WHERE:

Provide a brief narrative description of the planned project. Describe where the business operates (city, town & state) whether the property is owned or leased and how many years in existence. Explain how the funding will benefit the business.

How….will the debt be repaid and what will you invest?   top

How...........will the debt be repaid and what will you invest?

It is important to both you & the lender that your project is able to repay the debt. The ability to repay a loan from the business cash flow is the most important issue to most lenders. The easiest deals are those that show historical repayment ability for the proposed debt. For a start-up, or where historical debt repayment is inadequate, proforma (projected) income statements must be submitted. Our staff is available to assist you in this effort.