1. Initial Inquiry
A couple days
We will have a quick chat, over the phone or in person, to get acquainted and see if we’re a good fit for working together. It would be helpful to complete our Initial Inquiry form prior to our call.
Step 1: Background Info & Application Fee
Depends on you + ~2 days to review
We’ll start by gathering some basic information about your business and personal finances. Chances are, if you have applied for a loan elsewhere, you already have this info. We’ll also need to a $100 refundable application fee to begin.
Step 2: Submit Financials
Depends on you + ~2 days
Yes, the numbers… We will need your financial details. But don’t worry, if you need some assistance, we can help!
What if we’re not a right fit?
3. Underwriting & Committee Review
1 to 2 weeks
We’ll analyze the numbers and likely ask a few follow up questions. Sometimes this is quick and easy, sometimes less so – it depends on your individual situation. Once we have completed our analysis, we’ll send it to our loan committee for review. If your loan is not approved, we’ll give you their feedback and discuss your options and next steps.
4. Closing & Disbursement
As early as 2 after approval
Hooray, you’ve been approved! We’ll review the conditions, sign the papers, and disburse the funds. Note: Occasionally, there are a few conditions and a little extra paperwork involved which can delay the closing.