GET PRE-QUALIFIED- 4 Steps
The WHC Team will lead you though the funding process, ensuring that we find options, present the best opportunities, assist where needed, and bring you to the closing table. Follow the steps below:
STEP 1: Submit Bank Statements
12 Months of Business and Personal Bank Statements: These documents prove your financial discipline. After you submit these documents, schedule a session with a WHC Advisor.
STEP 2: Schedule a Zoom Session with a WHC Advisor
Let’s discuss what your bank statements show and how much funding you need to achieve your business goals. After we meet, we will require more documentation to move the loan packet to underwriting.
STEP 3: Submit Documentation
These documents are almost universally required to move from an initial conversation to formal underwriting:
*Three Years of Tax Returns (Personal and Business): This is the ultimate “source of truth” for a lender. They will use these to verify the income you’ve claimed and to calculate your Debt-to-Income (DTI) and Debt Service Coverage Ratio (DSCR).
*Interim Financial Statements (P&L and Balance Sheet): Lenders require “stale-dated” protection. You must provide a Year-to-Date (YTD) Profit & Loss statement and a Balance Sheet that are usually no more than 60–90 days old.
*Business Debt Schedule: This is a simple table listing all current business term loans, lines of credit, and leases. It must include the original loan amount, current balance, monthly payment, interest rate, and maturity date.
*Government-Issued Photo ID & Organizational Documents: A color copy of your driver’s license or passport, alongside your Articles of Incorporation/Organization and EIN Confirmation Letter. This satisfies “Know Your Customer” (KYC) laws and proves you are legally authorized to borrow on behalf of the entity.
STEP 4: After You Submit Your Documents
After you submit your documents, schedule a Zoom Session with a Senior Loan Advisor. From here, we will create the loan packet to submit to underwriting.