[Michael I]

Ask your client for the following documents

1. 3 most recent corporate and personal returns (look at the net income of the company. If negative, forget the bank line)
2. Interim financials
3. AR & AP aging Summaries (if upside down, forget the bank)
4. Inventory Summary
5. Schedule of debt (if available)
6. Personal financial statements of the borrowers
7. Schedule of personally owned real estate
8. Most recent 4 mos bank statements business and personal
9. Executive summary on the business
10. Resumes on the principals

If client can provide all these and the docs and credit make sense, and if they own any personal properties and are willing to take out a second mortgage on the home as part of the SBA requirements, then send it to the bank.

If the client can't provide nearly half of the documents above, then land them in the reality that what they'll get from any cash advance lender is about what they produce
Monthly.

Good luck!

just add to end of conversation " or i can get you 40k tomorrow "