If you need money to grow your business, you’ve more than likely considered a business loan as your means of financing. Getting a loan isn’t always easy, especially if you’re not prepared. Requesting a business loan without adequate preparation sends a clear message to the lender: High Risk! Therefore, it pays to be prepared and organized when approaching them for financing. Put your best foot forward by allowing LongSchaefer to prepare a winning loan proposal for you.
Our proposals have a high likelihood of success because they're created from the lender's perspective. Through bank financing services at LongSchaefer, you have a much better chance of getting the money you need because we know exactly what banks want to see. Even more importantly, we know how to prove to them that you'll be able to pay them back.
What Our Loan Proposals Include
Here are some of the things LongSchaefer proposal services will include:
We concisely state the purpose of the loan, the exact amount of money required, and offer an explanation of what the loan will be used for and why it's needed. Lenders need to see clear goals and how the money will be spent to achieve those goals, otherwise they’ll be apprehensive about approving your loan.
Pro-forma Cash Budgets and Financial Statements
We use your data and underlying assumptions to prepare information that your banker can easily read and buy in to. This data can be overwhelming and time-consuming to properly put into a lender perspective, but our skilled professionals are up to the task.
Owners Personal Financial Statements
We make copies of the last 3 years of personal tax returns for the bank and identify the collateral being pledged as security for the loan.
We help substantiate your financial needs and position to your banker in person.
Contact LongSchaefer Today for More Information
The professionals at LongSchaefer have the knowledge and expertise needed to advise you on a number of matters. Although tax services are our specialty at LongSchaefer, we also offer a variety of business services. Take advantage of our expertise next time you’re in need of a loan for your business. If you'd like to learn more about how you can obtain the money you need to grow your business, please complete this form. You can also contact us today with any questions you may have. We’re happy to help.