Today, when the current financial and economic environment has undergone drastic changes in the availability of capital it is critical that businesses locate a good source of unsecured financing.  Unfortunately, it is now much more difficult for even the qualified borrower to obtain funding than it has ever been.

There are several good reasons why business owners should not go directly to the bank themselves.  Essentially, 80%-90% of people who try to go to banks by themselves get turned down.  Even when they are well-prepared and have excellent credit.  The true reason may never become apparent.

Trying to overcome this initial obstacle by visiting additional banks to submit applications will probably increase the danger of this approach substantially.  That's because each bank will see that you applied at the previous bank and will began asking why the others turned you down.  Their logic is that if Bank A rejected this application, there must be something they uncovered that we should consider.  This increases the chances that they will also turn down the applicant.

In addition, each time another bank pulls your credit, your score drops, making the applicant less attractive for approval with each application he submits.  A major fallacy is that having an established relationship with a bank increases the possibility of a favorable decisions.  The bank's decision will be based on risk and their current guidelines.

Our solution:  As a professional financing company we will work with you prior to submitting your application to make certain that all your documentation meets the current underwriting guidelines of different banks that offer this type of financing.  We analyze your credit and prepare your submission according to current bank standards and requirements.  We will also prepare you for interviews with the decision-maker of the proper banking department for your specific application.  In other words, your chances for approval have increased to near- certainity.

Before submitting a client’s loan request to a lender, we first match him with lenders that prefer making the type of loan or lease he is seeking and secondly, we make sure he meets the their criteria for doing the loan.  Thus, when a lender receives a client’s loan or lease request from us, he realizes three very important things;

1.  It is the type of loan or lease he prefers

2.  His criteria for making the loan or lease has been met

3.  He is in competition with other lenders for the loan or lease.

Lenders greatly appreciate the value that our matching process adds to a transaction and they look forward to receiving loan packages from us. The good working relationships that we have developed with our lenders make it possible for us to secure the best rates in the industry for our clients. 

In summary, there are methods of financing that are still available to qualified borrowers.  But being qualified does not mean that these borrowers are capable of simply walking into a bank or other lending institution and being approved.  Substantial preparation is necessary and this should only be done through companies that specialize in the desired type of business financing and have relationships with several different lending sources.

CapitalManagers, LLC focuses on providing solutions that help business owners overcome the obstacles created by the current economic and financial crisis in the United States.