Funding readiness is not a promise of approval. It is the process of making the request understandable, supportable, and easier to evaluate.
Purpose and amount
State the amount requested, what it will be used for, when it is needed, and what business result it is expected to produce.
Core documents
- Recent business bank statements
- Business and personal tax returns when applicable
- Year-to-date profit and loss and balance sheet
- Debt schedule
- Accounts receivable and accounts payable aging when relevant
- Ownership, entity, and identification documents
- Contracts, invoices, purchase orders, or collateral support
Questions to answer before submission
What changed? What is the repayment source? Are there overdrafts, negative days, tax obligations, liens, merchant advances, or reporting gaps that must be explained? What happens if the requested capital is delayed?
Ask about the full cost
Compare payment frequency, term, interest or factor cost, fees, collateral, guarantees, prepayment provisions, and the effect on future borrowing capacity.
Ready to apply this to your situation?
Use the information to prepare your questions, then begin a confidential general conversation without placing sensitive records in a public form.
Use the information to prepare your questions, then begin a confidential general conversation without placing sensitive records in a public form.