How It Works

BusinessLoanScores.com offers many downloads for various subject matter all of which relate to small business and loans. There are two related articles (free) worth your time to read and become familiar with to better manage your operation. The primary pay for download is the Business Loan Scores ©. This financial model is the basis of this site and the tool that will present your business loan request in the best light. There are two very different Business Loan Scores © packages and you should select the one right for your situation. The difference is very simple. If you are currently factoring your accounts receivable, then select the Business Loan Scores©-Factor. This loan score was structured differently just for companies like yours. The other button, Business Loan Scores©-Bank, should be used by companies that are currently with a bank/commercial finance company or first time bank loan applicants. Simply put, if you are not factoring your accounts receivable this is the loan score for you.

When you purchase the Business Loan Scores© Package, you will receive an Excel file and all the pay for downloads. This is the best bang for your buck. You may buy The Bank Loan Evaluation Process separately and come back later to purchase the Business Loan Scores ©. However, you will not receive credit for the first purchase. The Bank Loan Evaluation Process must be read before your accountant attempts to fill in the financial data. I recommend you have internal personnel do this or ask your outside CPA for his/her help. Also, I have included one or more actual loan samples.

The Business Loan Scores©-Factor has only one sample. The primary goal of the Business Loan Scores©-Factor is to replace factoring with a bank revolving line of credit. If successful, this change will save your company more than 50% per year on working capital costs. To my knowledge, this is the only tool that will determine if you are ready for a bank line of credit. If you are not qualified now, update the financial data pages of the Excel file each quarter until your score is high enough.

As soon as you have entered all the required data, Business Loan Scores © will have immediately calculated your score. How quick is that? At the point you select a bank, it is optional if you include the score sheet or not.

The Bank Loan Evaluation Process outlines the list of documents needed for packaging subject to the type of loan you are seeking. Ask the most interested bank if they prefer a hard copy or if an electronic copy will do. If a hard copy is requested, my recommendations on presentation are just below the list of packaging documents under “Documents Required for Loan Package” in The Bank Loan Evaluation Process .

The Business Loan Scores © package eliminates the need for a loan packager unless you are applying for a SBA Guaranteed loan. More importantly, it eliminates the need for a loan broker. With the score you are going to know the strength of your loan application, probability of success with a bank and if you will be approved on a conventional loan basis or whether a SBA Guarantee will be required. So, a small investment in Business Loan Scores © will prove to be a valuable return to your small business.