Business Loan Preparation
Hang on for rough seas! Securing financing for your business isn’t as easy as you may think…or the lender may tell you. Many Small Business Owners are not prepared for the often complicated process, questions, documents requests and delays when they seek funds to help maintain or grow their business enterprise. We’ve prepared a guide with expert advice from a veteran Loan Officer to prepare you for every step in the business financing process.
Free Documents Checklist
We want to prepare you for every eventuality based on what we experienced as business financing experts.
Lenders will lead you to believe they’re ready to make loans to your business happen, but too often the business owner is left in limbo with zero guidance on navigating the application process and lending system.
We want you to minimize the anxiety of not understanding the tactics of the SBA especially since there is no formal training that we can detect nor written guidelines available to follow so you can ensure a smoother process.
We created our expert guide to application processing to help you minimize the anxiety of misunderstanding the tactics of Lenders and also the SBA.
HOW and WHY? How did we create this guide and why? We were commercial financing consultants before COVID, and during COVID, we helped thousands of Small Business Owners navigate the nightmare of the SBA EIDL program.
The HOW comes from our hands-on experience processing and submitting applications to Lenders and to the SBA for our Clients.The WHY comes from seeing the mistakes, misunderstandings, and misery on both sides of the loan application process: from the Lenders/SBA and from the Small Business Owners. We learned the hard way where the “weak points” were and decided to create our expert guide to assist you, the hardy Small Business Owner, avoid the pitfalls of the loan application process. Do you believe you can navigate a loan application without expert guidance? Maybe you’re unsure of the cost of an expert guide for loan applications:
- How much time do you have to correct mistakes in the application because you made the wrong assumptions about what a Lender will accept?
- How badly do you need the financing?
- Are you willing to pay substantially higher lending costs (interest rates and fees) with alternative lenders because you failed with a traditional lender or the SBA?
Sale Price: $497
*We do not guarantee an approval in your financing request. This is to reduce uncertainty, increase confidence with how you communicate with a financing institution.
WHO should NOT invest in our Beacon Guides?
❌ You think rushing the process will get you the money faster.
❌ You think there are shortcuts.
❌ You’re too busy to slow down, read carefully and consider our suggestions.
❌ You didn’t file taxes last year or the previous two to three years.
Is Your State Registered for this Program?
SSBCI Treasury Guide
Through this program, the Federal government is making available $10 Billion directly to States for all small businesses in the country. In our Step-by-Step guide, we explain the program and outline how to access the funds including examples of eligibility and use of funds. If you want instructions on how to submit a financing request, check out our Business Financing Application Fundamentals BEACON GUIDES.
Let’s shed light on the process
Know what to expect when you start the process
Nuances often overlooked by business owners that lead to a declination
How to overcome questions typical of Loan Officers when they attempt to “paper” you to death
Keen insights and logic (vs. emotions) on thinking like a Loan Officer
Sample wording for letters and affidavits to comply with Lender requests
How to direct loan representatives to understand your history in business
Comply with persnickety requests including Signatures, Titles, Formation and Good Standing status
Critical Document review as a way to ensure accuracy and reduce unnecessary communication mishaps
Step by step instructions on critical document review so your package is clean and without confusion
This is a “buoy” version of our Beacon Guide. It provides the following:
- 21 Points included in our Summary of Advice
- Expectations to Anticipate with the Process
- Your Origin Story
- How to Navigate the Application
BONUS Chapters are included in the full version:
- Submitting Required Forms
- How to Write a Credit Explanation Letter
- Sample Letters & Affidavits
- Think Like a Loan Officer
- Critical Document Review
- Bank Statements
- Voided Checks
- Photo Identification
- Tax Returns
- Business Formation Documents
Frequently Asked Questions
Q. What happens if I still don’t get approved after using the Beacon Guide?
A. Continue to request a review of your file. You’ll need to review every aspect of what you’ve submitted which is why it’s crucial to pay close attention to every detail. We provide guidance and insight per our direct experiences with the various Lenders since 2018, however, we cannot guarantee that every step you attempt and execute will result in an approval especially without our supervision and direct control over your file. If you get declined, resubmit your package as you prepared. Keep re-submitting until you get a competent loan officer to review your file.
Q. Can I call you after I buy the Beacon Guide to make sure I’m doing everything correctly?
A. Unfortunately, the price point of this guide is set based on us not being “on call” to monitor how you’re progressing through the Guide. Imagine calling Rachael Ray to ask why your recipe doesn’t look the same as in the cookbook.
Q. Will there be updates to the guidebook?
A. We try to UPDATE our Guides periodically as the financing landscape changes. We do not promise nor do we guarantee future updates.
Q. Are there refunds?
A. Given the proprietary information and delicate care to develop our Guides, we don’t offer refunds. We’re confident if you slow down, read carefully, apply attention to detail with how to communicate with the Lender, you’ll have a higher chance of success with our concepts, tactics and recommendations. Most people want shortcuts and/or rush the process taking for granted that you are responsible for the data, financials and documents you’re required to submit.
We have provided every aspect of what we know Lenders requires as well as mistakes we’ve seen that result in a loan declination. We’ve also experienced what it takes to get approved.
Purchase our Beacon Guide to have a clear destination toward approval* for $497 for a limited time.
*We do not guarantee an approval. This is to increase confidence in your communications with a Lender and/or SBA.