Contact details and a company name open the Halehaven Loans request form; ranges for time in business, annual revenue and the requested amount follow, then consent.Statements and quotes wait until a funding partner reviewing the request asks for them.
A business loan application checklist for a Story County, IA landscaping crew
The form needs only what the crew already knows. This checklist covers what comes after, when a funding partner reviews the request and asks for records. A crew financing a mower or a trailer can gather these ahead of time:
- The dealer quote, with make, model and price for each mower, trailer or attachment
- Business bank statements covering the latest months
- The most recently filed tax returns, business and personal
- Photo ID for each owner
- The EIN or the state business registration
- Payments still running on other equipment, with balances
Partners set their own lists, so one may want less and another more. The how it works page has the documents list and the steps after the call.
What an Ames, IA quick-service restaurant needs to apply for a business loan
To start a request, a quick-service restaurant needs only what the form asks for:
- Full name
- Phone
- Company name
- Time in business, as a range
- Annual revenue, as a range
- Requested amount, as a range
- Consent, as worded on the form
Nothing else goes through the form: there is no upload and no box for the purpose. The purchase, a fryer or an ice machine, say, or payroll while card deposits catch up, is a phone topic. When a funding partner takes up the request, it can ask for bank statements, card processing statements or the equipment quote. A restaurant thinking about an advance on its card sales can read the merchant cash advance page first. A coffee shop starts the same way; its quote is for an espresso machine rather than a fryer.
Steps an Ames, IA landscaping crew takes to apply for a small business loan
- Pick the page that matches the purchase: equipment financing for a mower or trailer, working capital for payroll while a client invoice is open.
- Send the form on this page, or skip it and phone (515) 272-7071.
- Talk through the purchase, the rough amount and the date it is needed.
- If a funding partner takes the request up, hand over the records it asks for.
- Read any offer for its total cost, its term and its lien before signing; turning it down stays an option.
The review and the offer in steps four and five belong to the partner and the crew owner.
What banks look at for a business loan from an Ames, IA home builder
Every bank and funding partner sets its own review, so no single list applies. These are areas a review can cover when a home builder asks for equipment financing or working capital:
- Cash flow across a build: client payments set against supplier bills and payroll
- Contracts under way, and when their payments fall due
- Owner and business credit
- Time in business and revenue over the last few years
- Debt already running, equipment payments included
- Collateral, such as a skid steer or trailer the funding buys
Loans for land, for lots or for building the houses themselves are real estate lending, which Halehaven Loans does not arrange; on this site a builder’s request covers equipment, working capital, a credit line or similar business funding. Short answers on EINs and credit checks are on the FAQ page.
By Halehaven Loans · Updated