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What Your Lender Sees… If you ask most Senior Commercial Lenders, they will tell you endless stories about the business people they see everyday who have loan requests for every purpose imaginable. Established businesses, new business ventures and in many instances, Entrepreneurs who come looking for financing. The problem for the lender in many cases is that the borrowers were not prepared sufficiently in order to make their loan request a "slam dunk" approval. Lack of a proper and complete presentation package makes it much more difficult for your Banker to have your loan request approved by their Loan Committee or accepted by the Bank Underwriters. Private investors as well will require similar disclosure in order to consider their interest level in your venture and request. Today, credit is tighter than it has been in many years and you want your application approved ahead of the many other companies looking to borrow that same money! What You Need To Make Your Case… It is important to recognize the main distinction between your business plan and your financing plan. The main purpose of your business plan is to enable your potential lender to identify with the complexities of your business model. However, the role of a financing proposal is to show your future lenders, either bankers or private financiers, that you understand your business intricately and through your solid planning and work ethic, you will be able to reduce the risk level of their investment. Remember… Lenders provide only when you meet their specific criteria and you do not know what those criteria are specifically, so every base needs to be covered to enhance your chance to successfully procure your loan. This is where Strategic Vision can help you. Once our service is engaged, through detailed interview and document review, we can evaluate your financial standing as it pertains to your request, including an estimation of what your projected needs are. We would develop several, detailed budget creation and forecasting documents as a part of your financing requirements request, including a detailed historic financial perspective if the data are available. Further, we would consider the viability of the following to your needs: This information is assembled and a comprehensive financing proposal document would be produced for you and your company, a document that has the intended purpose of giving your perspective lender as clear an image of your business and request as you have if it yourself, in a comprehensive document. |
Many receive advice, few profit by it. - Publilius Syrus |
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Beyond Boundaries Powerful Business Strategy = Competitive Success At Strategic Vision, our focus is on you and your business. Through candid and open discussion, including detailed research and thorough preparation, we can help you succeed in your "Quest for Competitive Advantage". |
A complete Business Review Plan SWOT Analysis LongPEST Analysis Cash Management Analysis Cash Flow Analysis Break Even Analysis Personal Financial Statements Organizational Mapping |