What Paper Work are Banks Requiring When I am Applying for a New Commercial or Refinanced Loan?
You may be asking yourself why this is such an important question. One way to slow or eliminate your possibility of getting financing is by not having all your paper work together and submitted at one time. Banks are looking for any excuse not to do a loan today in this tough credit environment. Whatever the bank requests – you must complete and submit in full. Do not have partial copies of tax returns and financial statements and make sure you complete every section of the credit application. Here is where a professional consulting firm such as Johnson Consulting will help expedite the process and make sure that every detail is covered and put in its proper place. It is very important to establish credibility upfront and submit all the necessary paperwork in an organised and professional manner.
