Рет қаралды 4,523
Click The Link Below To Purchase the Commercial Loan Term Sheet Template on the FinanceKid website. Thank you for your support!
www.financekid...
How do I borrow funds for my business? What are the different types of lenders and who should I borrow from? What do lenders look for when qualifying potential borrowers? What is the process of borrowing a business loan from a bank? How can I increase my chances of funding success when negotiating with banks? What affects my borrowing capacity? How can I negotiate with the banks to find the best deal? Are loan brokers a worthwhile investment?
In today's video we will discuss in detail the entire lending process and what you need to expect when dealing with commercial lenders for business loans. We will also discuss the 4 primary types of lenders (banks, private lenders, credit unions and specialized lenders) and the advantages/disadvantages in dealing with each group. We will also cover the lending process in detail to help clearly explain what type of information the banks are looking for and how best to answer their questions. See the 9 steps to the commercial lending process below:
1) Introductions and Pre-Deal Discussions
2) Initial Due Diligence and Q&A
3) Term Sheet Issuance
4) Credit Underwrite
5) Revisions and/or Credit Approval
6) Offer of Finance
7) Pre-Closing Legal & Securitization
8) Loan Funding
9) Post-Close Ongoing Lender Communications
If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! If you want to reach out, contact me at;
financeekid@gmail.com
If you are a Canadian business owner looking to sell/buy a business or borrow funds, please reach out to me for an introductory call. You can contact me through email or through my LinkedIn at;
/ robert-bezede-20ab8a6a
Roblee Capital is a Toronto-based M&A Investment Bank focused on serving companies with revenues between $1MM to $100MM primarily offering sell and buy-side M&A services. We work with Canadian-based business owners looking to sell their lower mid-market business. We also offer loan brokerage services for business owners seeking debt financing solutions to help finance and grow their business. If you are a Canadian business owner, please reach out so we can connect at the link below:
www.robleecapi...