November Nationwide Business Consultants (NWBC) Newsletter
ByWhen it comes to getting money in this environment it really comes down to relationships and terminology. People ask me how is the commercial loan market doing? I tell them it’s great if you know the right people!
Relationships are crucial in this marketplace. The only way to earn the trust of a lending source is to deliver a full complete underwritten commercial loan package to them upfront. This leads to my next point of terminology.
When you give a complete underwritten package to a lending source it shows them they are not dealing with a rookie company. It also sets the stage for our client to get an answer within a couple of days, compared to a file sitting in limbo for months.
The key to a good relationship is not only the first impression but supplying substance. This means we make sure when the lender gives our client a term sheet and review the supporting documents in the file it comes back exactly how we wrote it up. That cements the relationship when we close the loan.
The client, lender and Nationwide did their jobs! This leads us to why Nationwide Business Consultants can close loans in this marketplace. We have built the relationships with our lending sources; we continue to supply the lender the correct terminology to allow them to provide the funds necessary for our clients in a timely fashion.
You’re receiving this email because over the last year you have requested financial information from our company. We know if you haven’t received financing for your particular situation then Nationwide Business Consultants is the place for you.
