Like most professional
vocations, real estate brokerage is evolving into specialized fields seeking
proficiency in specific areas of the profession. Such services strive
to increase lender interest, and provide supporting data borrowers need seeking
start up funds or business expansion financing.
Too often information borrowers provided to lenders
is not sufficient enough to circumvent delays and loan rejections.
Although useful, such information is generally a borrower’s recollection of
routine business operations as opposed to researched data which can be readily
confirmed and verified.
A business plan centers around a depth of knowledge,
experience and trusted information sources. It contains cash flow
spreadsheets, balance sheets, projections, historical data, and relative local
and, when appropriate, national market conditions in support of the
objective. A well written dossier will
meet documentation requirements commercial lenders expect from borrowers, and
deliver exacting information from which lenders may, or may not justify a
loan. A professionally prepared business plan increases a applicant’s
borrowing potential, and mitigates the risk lenders assume making decisions
from flawed or incompetent information.