The Commercial Loan Package
For a reasonable price we produce a complete loan package that gets the broker in the door of the lender. This allows brokers to concentrate on new business, not on filling out paperwork. Each package is individually tailored to bring out the best in the deal and will directly address any flaws in the deal. This packaging expertise has taken many years to develop and packages are a combination of both science and art.
Process Overview
- Each project starts with a phone interview to ascertain key pieces of data. At this early stage of engaging Commercial Loan Packaging, LLC we will discuss your project, sign non-disclosure/confidentiality/non-compete agreement and sign a contract that defines the business relationship.
- Next, clients will fill out a data intake form and are given a checklist that identifies all information and documentation that will need to be supplied.
- We then review the documentation, create an email summary, a short form loan scenario and a full loan package binder.
- We then comb through the documentation, identify any gaps and weaknesses and subsequently work with you to close the gaps. In parallel, we review our extensive lender database and provide clients with leads so that they can get their project funded quickly.
- We help you eliminate common deficiencies and make the loan workable. We work with you to eliminate any flaws and develop the optimal package structure to get your deal noticed.
- Since we sign a non compete agreement and a confidentiality agreement, it’s important to note that we aren’t actively looking to fund deals ourselves, and we are not a competitor in any way.
The loan package has three distinct deliverables
- One-page e-mail format designed to permit the lender to identify favorable loan situations quickly.
- Short form loan scenario (summary of all salient facts and information, typically 8 to 15 pages).
- Long form loan scenario (a binder which includes all required documentation needed for a lender to make a credit decision).
A completed loan package will be compiled in a .PDF format for easy distribution and can include a CD, and a hard copy binder for the final distribution to the client and or the broker. Projects typically can be completed within one week of receiving all required documentation.
Once your loan package is complete, you can then present your funding request to potential lenders. Lender types include traditional banks, private investors, and other types of venture capitalists. In some cases you may also be eligible for certain government loans such SBA 7a and 504 loans.
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