Work prior to initiating clients engagement

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Our focus

• Understanding a borrower’s niche and experience level
• Verifying credit and liquidity upfront
• Matching borrowers with the right products instead of pushing pre-packaged terms
• Starting with trust and transparency before quoting rates

Institutional lenders typically have stringent requirements for borrowers, which may include:

1. Creditworthiness: A strong credit history and high credit score to demonstrate financial reliability.
2. Financial Statements: Detailed and audited financial records showing stable income, profitability, and sound cash flow.
3. Collateral: Assets to secure the loan, such as property, equipment, or accounts receivable.
4. Debt-to-Income Ratio: Low levels of existing debt in relation to income, indicating the borrower can manage additional repayments.
5. Business Plan: A comprehensive plan outlining the business model, growth strategies, and how the loan will be utilised.
6. Legal and Compliance Documents: Proof of legal standing, such as business licences, tax filings, and compliance with industry regulations.
7. Experience and Track Record: Demonstrated expertise and a successful track record in the relevant industry or sector.
8. Covenants: Agreement to certain conditions, like maintaining specific financial ratios or restrictions on additional borrowing.

Please provide as much information as possible to create the best file. Please find a concise summary of the preparation work undertaken prior to engaging my clients. This will allow for best approach to maximise the best terms available.

Summary of the raise, ie debt or equity

Capital stack breakdown, ie 70% LTV, 20% equity

Business plan with projections

Full development appraisals

Development finance pack

Background to the sponsors (cv‘s) and the businesses - (deliverability)

Sponsors cash contributions if required (minimum 10% in most cases)

Last 3 years’ personal tax returns

Last 3 years’ business accounts 

A completed personal financial statement for each owner (if a template is needed I can provide one)

Assets and Liabilities of the sponsors

We do need quality sponsors who demonstrate a track record of being able to deliver such projects. We also need sponsors with a good NET worth as there needs to be comfort for the lenders concerning cost overruns.

Once I have this initial information I can complete my review and we can then proceed to a more formal application.