This page walks Cleburne, Texas owners through a funding request sent through Orchardshore Advances: the first call or form, how the request is sorted, which records partners read during underwriting, how equipment requests differ, and how an offer is weighed.
Bank Statements, Returns and Lift Quotes From a Johnson County, TX Body Shop
Take a body shop that wants a second frame machine and some cash for parts. Before calling, the owner can pull together the papers a partner is likely to name, so nothing stalls later:
- Every page of the business bank statements for the most recent three to six months.
- The latest one or two business tax returns, and the owner's personal return if the business files on it.
- This year's profit and loss to date, with a current balance sheet.
- The equipment quote with make, model, price, installation and freight.
- A list of open insurance claims or direct-repair receivables, with the dates they are expected to pay.
- Current loans, leases and advances, with balances and payments.
A roofer's list looks similar, with a schedule of jobs in progress in place of insurance claims, and a clinic adds payer mix and collections reports. None of it is uploaded with the first request; it comes out only when a partner asks.
The Commercial Loan Underwriting Process, From Statements to a Credit Memo
Underwriting is simply the partner working through the request and its records. An analyst works out average monthly deposits from the bank statements, looks for overdrafts and returned items, and checks existing debt payments. From the tax returns and statements, the analyst estimates how much cash the business generates and compares it with the new payment. The owner's credit report and any liens are checked. For a secured loan, the collateral is valued.
The findings are summed up in a recommendation, sometimes called a credit memo, and a credit officer or a scoring system approves, declines or proposes different terms. Orchardshore does not make that decision and cannot change it; it can explain what a partner asked for and why.
Business Loan Requirements: Time in Business, Revenue and the Purpose of the Money
Three facts frame every request, which is why the form asks for two of them as ranges up front. Time in business shows a track record. Annual revenue shows the scale of the cash moving through the account. The purpose, which the conversation covers, decides which funding type and which partners fit. Credit history, existing debt and collateral fill in the rest.
Partners set their own minimums for each of these, and they differ by product. An equipment financing partner and a working capital partner can read the same business differently.
Equipment Financing Underwriting: The Quote, the Serial Number and the Down Payment
Equipment requests add the machine to the review. The partner checks that the price fits the market for that make, model and year, that the seller can deliver clear title, and that the machine will last at least as long as the payments. A down payment, a trade-in or a shorter term can bridge a gap between the price and what the partner will finance. For titled equipment such as trucks and trailers, the partner is listed as lienholder on the title.
From the First Call to an Offer You Can Decline
- Call or send the form. The form takes contact details and three ranges; a call covers the expense and the timing.
- Sort the request. Orchardshore matches the expense to a funding type and names the records a partner is likely to want.
- Partner review. A partner reads the request and the records it names and decides whether to offer terms.
- Read the offer. Any offer states the amount, cost, schedule and security. Compare it on total dollars.
- Decide. Accepting is the owner's choice. An offer that does not fit can be declined.
Questions along the way can be answered on the FAQ page or by calling (682) 245-3841.
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