Most businesses need financing sooner or later. Once the need is identified you realize you need it now. The secret to getting the financing when needed and at the best rates and terms is organization and preparation of the loan package. Most lenders do not have the time to chase the paper needed to make a decision. If you make it easy for the lender, the decision becomes easy and the answer comes quickly.

Your Preparation

• Clarify your idea
• Begin your business plan
• Identify team members both internal and external
  - Management teams
  - Board of Advisors
• Prepare market feedback and proof of customer acceptance
• Estimate how much capital you required?

Meeting with Capital Connection

During our first meeting we will:

• Talk about your idea
• Ask the tough questions a bank will want to know
• Review the draft business plan – make suggestions
• Determine what stage you are
• Determine the 3C’s Character, Collateral, Cash Flow
• Begin to mitigate risk factors i.e., personal credit, bankruptcy, low collateral
• Give you a to do list for the next meeting
  
  

Before the second meeting we will:

• Speak to some banks on your behalf
  
  

During our Second Meeting we will:

• Prepare financial projections with you
• Continue to critique idea and business plan
• Review bank applications and other necessary documentation
• Give you a to do list for the meeting
  
  

Next Steps

• Meet with lender identified by Capital Connection
• Obtain approval
• Receive commitment letter
• Prepare for closing