SBDC

There are four main services that we provide to SBDC’s. We primarily know what banks look for and what they want and what they don’t want when looking at approving and funding a small business loan.

We introduce the SBDC’s to banks and explains the benefit of…

• Coaching their declined borrowers on how to find financing for their clients elsewhere or work through their financials to fix the problem, why they were declined, and give them back to the bank.

• Provide guidance for their troubled client loan files or complex files that they know are going to take lots of man hours to get done and might not be worth their time to process all the paperwork. We can take the deal from them, and then structure it so that the bank feels comfortable with the risk.

• Consult with their prospects inquiring about start-up financing. We know that banks are strict on financing startups and we have access to resources that can provide guidance and mentorship to help startups with their business plans, projections, and personal net worth and how to show that they can pay back the loan.

• We help the bank’s clients put together their financial package and meet all the conditions necessary to get the loan funded. Getting the loan approved is the easy part, getting the bank to fund the loan is the hard part. That is when the business owner needs to spend all their time collecting and organizing their financial paperwork to ensure they meet all the qualifications. We work on behalf of the business owner and help put the package together to submit a “for-sure” deal.

To find out how to connect with the banks closest to your SBDC, call us today at 866-474-8515.