What
is a loan consultant?
How
much do you charge?
How long does it take to get the money?
What
documents will I need?
Who
provides the money?
What
is the borrowing process?
What
is a loan consultant?
A
loan consultant is a trained professional
in the area of corporate loans. At Willabeth
Capital this means you have the knowledge
and experience of consultants that have
in depth knowledge and access to specialists
in each of the lending areas. These specialists,
part of The Loan Consultants network have,
in most cases, spent their careers in
the lending business. Ultimately we believe
you will strike a better deal and be provided
better service than going it alone.
How
much do you charge.
Unless
we enter into a fee for service arrangement,
the fees charged vary widely depending
upon the type of deal, the creditworthiness
of the client, the term of the loan and
the amount being borrowed.
How
Long Does it Take to Get the Money?
In
some cases it could be the next day. In
others, it may take a few months. It depends
upon how ready you are with financial
information. When our package is complete,
it takes a relatively short time to complete
the deal. Deals which require Government
backing will naturally take a bit longer
whereas accounts receivable purchasing
can occur very quickly.
What
Documents Do I Need?
This
depends upon the type of financing you
require. Ideally you would have 3 years
of financial statements for your company,
either audited or reviewed by an independent
accountant. In addition, a written buiness
plan for the company for 3 to 5 years
and personal net worth statements. If
these are not available, we can sometimes
work around this. Ask your loan consultant
to provide a complete list for your deal.
Who
Provides the Money?
One
or more of our funding partners will provide
the money. We have over 200 funding partners
that can be called upon to fund a deal,
depending upon the kind of deal you need
to have completed.
What
is the Borrowing Process?
For
your existing business or start-up business
the process involves the following steps:
Complete the "No-Obligation Loan
Application Form" and click the send
button. The information you send is completely
confidential and not shared at this stage
with any lender.
We will contact you within 24 hours by
E-mail or telephone to speak with you
about your loan or lease request and answer
any and all of your specific questions,
including rate and terms.
Provide the documentation required. Getting
an approval is as easy as photocopying
a few forms. A Business Finance Consultant
will contact you for any additional information
the lender may require. Many equipment
leasing sources can approve your lease
in less than 24 hours.
You sign the loan documents and your loan
funds. END OF PROCESS! Save months of
shopping lenders and negotiating rates
and terms. We will direct your loan to
the right funding source for your business.
