Loan Qualification Assessment

Know if your business meets the bank’s minimum cash flow requirements before applying for the loan (we do not run your credit!)

What is the Loan Qualification Assessment?

The Loan Qualification Assessment will provide you with the behind-the-scenes analysis most banks use to determine if you can qualify for a new loan.

As a former business banker, I was not able to assess if my clients met the minimum qualifying criteria unless their credit was run and they provided me with the essential documents required by the bank. Business Lending Advocate knows these processes, and we can provide you with an assessment that uses the bank’s calculations to determine if your business meets the minimum cash flow requirements.  At banks, you never see these assessments, so it can be difficult to understand how your business is being evaluated.

We are able to also provide you with advice and guidance on how to become bankable if you do not meet the minimum criteria. 

What is required from you?

Unlike the bank, we run your cash flow assessment without requiring you to submit the entire list of documentation needed to apply for the loan. Instead, we only need:

  • 2020 and 2021 Business Tax Returns (or Profit & Loss Statements)
  • 2020 and 2021 Personal Tax Returns
  • Personal & Business Debt Summaries (Templates Included If Needed)

What is required from you?

Unlike the bank, we run your cash flow assessment without requiring you to submit the entire list of documentation needed to apply for the loan. Instead, we only need:

  • 2020 and 2021 Business Tax Returns (or Profit & Loss Statements)
  • 2020 and 2021 Personal Tax Returns
  • Personal & Business Debt Summaries (Templates Included If Needed)

What does this service include?

Customized Report with your personal, business, and global cash flow

Receive a customized report with your information to determine if you meet the minimum cash flow requirements for a new business loan.

A 60 minute one-on-one consultation with an experienced Business Banker

This meeting is to review your report results with you and answer any questions you may have.

Debt Summary Templates

Receive personal and business debt summary templates.

Get connected with trusted Bankers, CPAs, Bookkeepers

We will connect you with other business professionals who may further assist your business in getting approved for a business loan. 

Insights and knowledge

Get insight knowledge of bank loan terms and bank collateral requirements based on your loan purpose and amount.

After purchasing, you will receive an onboarding email where you will be asked to submit the required documents listed above.

Then,

  • Within 48 hours of us receiving your documents, you will receive your completed Loan Qualification Assessment Report
  • After receiving, schedule your 60-minute consultation with your Advocate where they will review your assessment and answer any questions you may have
  • If your business meets the minimum cash flow criteria, we advise you of the next steps your business can take to prepare to apply for your business loan.
  • If your business does not meet the minimum cash flow criteria, we advise you of what steps you can take to qualify

Questions? We are always available to help.

Other products and services you may be interested in:

Hourly Consulting

$100/hour

Some key features

  • One-on-one Consultation with Rosantina Aranda, an experienced business banker who worked in business banking for over 30 years
  • Receive professional insights about banking, business loans, bank lending, and any questions you have.
  • Receive an email after the meeting summarizing every question, answer, and piece of advice discussed.
  • Get connected with trusted business professionals that can further assist you with your business needs (Bankers, CPA’s, Bookkeepers, etc.)

Loan Readiness Package

$499

Some key features

  • Two 60 minute one-on-one consultations with an experienced Business Banker

  • Personalized Cover Letter written by an experienced business banker that highlights the essential information about you and your business that your bankers needs to know to assess the overall loan request.

  • Help with completeing the: 
  • Business Description Form
  • Personal Financial Statement
  • Business Debt Summary
  • Supporting Documentation for Loan Purpose

Credit Report Knowledge

$199

Some key features

  • How to gain access to your credit report history: Navigate through the three main credit bureaus; Equifax, Transunion, and Experian.
  • Identify key things that you can immediately do to help increase or repair your credit report.

  • Protect your credit report from being used for any fraudulent activity

  • Learn from a banker’s perspective what your credit reports say about you, and how this affects your ability to borrow.
  • Immediately dispute any inaccurate data on your credit reports that may be affecting your ability to borrow

SBA 7A Loan Packaging

$2,000

Some key features

  • Gather and complete all the required documentation required for an SBA 7a loan. 
  • Get connected with trusted Banks and Credit Unions to process the loan request.

Copyright © 2022, Business Lending Advocates

Our services help better prepare you to apply for a bank loan, we do not guarantee loan approval with any organization.