A) Business Plan complete. Usually when a project is accepted for financing, a professional-quality Business Plan is required.
B) Include all financial projections, background information on your management team, cost estimates, descriptions of your product or project, time estimates for completion of construction, and any other relevant information for the Lender.
C) Provide official letters or documents to support your Security/Collateral.
D) Include a Corporate Board authorization statement, signed by the head of your company, which authorizes you to sign legally binding documents on behalf of your company.
Borrowers who understand the importance of good documentation and good collateral, will almost always obtain good financing and excellent interest rates, no matter how large the loan is, and no matter what the purpose.
Selection of the lenders depends on what kind of project you may have, the amount of money you are requesting and the risk factor associated with your venture.
No fees should be required by the facilitator until the deal is funded. The facilitator should be paid when the loan is approved and funded.
