How a Qualified Loan Consultant Can Help

Small businesses often have many questions when looking for a loan. What are my best options? What are my approval chances? How much money do I really need to accomplish the tasks and goals established in my business plan. (You do have a business plan, right?) It takes time to do the necessary research on the lending options available to you, it takes time to analyze exactly what your business needs. Finding a lender that will accommodate your particular needs, and negotiating a deal that makes sense are even more parts of the puzzle you need to make fit.

That’s where business loan consultants can make the difference in freeing you from having to take on all this by yourself, so you can spend your time where it counts most, making your business work.

How can a business loan consultant help you and what are the advantages?

1. A loan consultant knows the territory and can get you the best rate possible. By having access to multiple lenders, they can present your request to lenders eager for your business.

2. Loan consultants are experienced in a variety of financing options. You may think you have a particular loan product in mind and a loan consultant will likely be able to present you with multiple options on different products.

3. Loan consultants are familiar with the documentation requirements, the calculations needed to present the deal to lenders and specific loan type requirements. Whether is a DSCR (debt service coverage ratio), asset based loan calculation, or other real estate cash flow type numbers, we’ve seen this and know how a lender is likely to approach each deal.

It may be difficult getting business funding, but entrepreneurs have many options available. Let a qualified loan consultant help you.