My Business Financing Game Plan
TOOLS FOR BUSINESS
Having a documented financing game plan can help your business get the capital you need
when you need it. Take just a few minutes to fill out the following form. Not sure about some
of the answers? No problem. Call Lendio at 1-855-853-6346 for a free consultation with one
of our loan specialists.
4 Steps to Build Your Game Plan
STEP 1: Where can I go to get capital?
I have a business banking relationship with ________________________________________.
(Insert the name of your financial institution)
My loan officer's name is __________________________________________.
(Insert the name of the business loan specialist at your financial institution)
Outline the loan process and steps to getting a business loan below:
}
TIP: you can schedule a meeting
to have your bank/credit union
explain the process.
1. __________________________________________________________________
2. __________________________________________________________________
3. __________________________________________________________________
4. __________________________________________________________________
5. __________________________________________________________________
It will take me approximately __________ days to get funds in my bank account.
(Your loan specialist at the financial institution can give you an estimate)
STEP 2: How likely is getting a loan from my financial institution?
My personal credit score is ________ and it needs to be ________ to be approved.
(Typically, banks require 720 or better)
I’ve been in business for ________ years and have an average monthly revenue of ________.
(Typically, banks require 2-3 years)
Areas to improve to increase the likelihood of being approved for a loan:
(Your financial institution’s loan specialist can give you areas to improve)
1. __________________________________________________________________
2. __________________________________________________________________
3. __________________________________________________________________
The Center of Small Business Lending
lendio.com • 1.855.853.6346
My Business Financing Game Plan
Step 3: What will I need to apply for a business loan?
This checklist will help you gather the documentation needed to prepare for a loan:
qBusiness License
qArticles of Incorporation
q2-years of personal tax returns
q2-years of business tax returns
qProfit and loss statements (how long?)
qCurrent balance sheet for your business
qRecently updated business plan
qIntent of Funds letter (need to rename)
qCompleted bank application
Step 4: What do I have to use for collateral?
Collateral I could use to secure funding (check all that are available to you):
qHome equity
qCommercial properties
qAutomobiles
qEquipment
q401k
qCredit card transactions
qBank deposits
}
These are NEW types of
collateral, typically offered
by alternative lenders.
Every business owner wants to know how much they can get approved for. If you’d like
to see all your business loan options and find out what you can get approved for, visit
http://www.lendio.com.
Obtain additional resources at: lendio.com
Learn More: 1-855-853-6346 or [email protected]
The Center of Small Business Lending
lendio.com • 1.855.853.6346
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