Many business owners are declined without a clear explanation. We walk through what lenders commonly look at before you apply, so you can fix what can be fixed and present your business clearly.
Cash flow
Can the business comfortably cover repayments?
Collateral
Assets that could secure the loan, where required.
Time in business
And a clear plan for the money.
Credit history
Personal and business credit reports.
Existing debts
How much you already owe.
Tax records
Including up-to-date CRA filings.
How it works
1
Tell us about your business
And what you need the funds for.
2
We review what lenders ask for
And help you get your paperwork in order before we introduce you to licensed lenders.
3
We explain your options
Including repayment terms and total cost.
4
You decide
Whether to go ahead.
Ready to talk it through?
Tell us about your business and what you are planning.
Business registration details, recent financial statements or bank statements, tax filings, ID for owners, and a short description of how the funds will be used. [Confirm list with Corefield.]
Approval, amounts, rates and terms are decided by the lender and depend on your business. Corefield cannot guarantee approval. Loans are provided by independent, licensed third-party lenders introduced through Corefield; Corefield provides consultation and facilitation only.