The whole file, organized, before anyone asks for it.
Answer nine questions about what you are funding and the tool picks the documents a lender will ask you for: a start-up is not asked for three years of statements, a property deal is asked for an appraisal and an environmental report. Each one comes with what it is, why a lender wants it and where to get it. Tick them off as they arrive, write the request once, and take away an organized pack with a summary at the front. There is a blind version too, for showing a lender or a buyer before you are ready to be named.
A complete file is worth money in the rate.
An incomplete one is what turns a three-week decision into a three-month one, and a decline is on your record whether or not the business deserved it. None of these documents is unusual. It is the same list at every lender, and most of it already exists somewhere.
A complete file is worth real money in the rate, and an incomplete one is what turns a three-week decision into a three-month one. Nothing here is unusual: it is the same list at every lender.
What you get
- A one-page summary of the request at the front: amount, purpose, use of funds, security, repayment.
- The key figures a credit analyst works from.
- A status table for every document in your file: collected, requested, or not applicable.
- A list of what is still outstanding, and where to get each one.
- A second, blind version with the identity withheld.
Seven groups. Only the documents your request needs.
Each one says what it is, why the lender wants it, and where to get it. Tick them off as they arrive.
6 documentsThe first thing opened and the last thing argued about. Everything else is checked against these.
4 documentsArrears here rank ahead of the bank, so they are checked before anything else is decided.
5 documentsWho the borrower actually is, and who can sign. Missing pieces here hold up closing, not approval.
4 documentsWhat the lender can take, and what you are committed to pay whether or not the business works.
4 documentsWhat is already registered against the business, and who ranks where.
4 documentsPersonal, and unavoidable. Almost every commercial loan in Canada carries a personal guarantee.
4 documentsThe part that turns a pile of documents into an argument.
New here? Create a free account first, or sign in if you have one.
Show the business without naming it.
The same pack with the business's identity withheld, for showing a lender or a buyer before you are ready to name it. One button produces a blind profile from the same pack, so a lender or a buyer can form a view before you decide to open the door. It is the same document sellers use as a teaser in a sale process.
- The business name becomes a project code name, and the location becomes a region.
- Ownership, contact details and anything else you marked as identifying are left out.
- Your notes against each document are left out, because they usually contain names.
- The figures, the industry, the request and the document status all stay, because that is what a lender or a buyer needs to form a view.
Read it before you send it. Read it before you send it. We remove the fields we know identify you; we cannot know that a sentence you wrote about your largest customer identifies you to someone in your industry.
The numbers
Our free ready-made reports work out the coverage, the borrowing capacity, the stress test and the twelve-month cash flow the pack asks for.
The narrative
The Business Plan Generator writes the plan itself, in the order lenders expect it.
Who to take it to
Our lenders page and the financing types page cover who lends what, and what each one really costs.
Or we do it with you
Preparing the file, choosing the lenders and comparing what comes back is what we do. Talk to us.