Boldmont Lending, an Urbana, Illinois small-business funding service, takes funding requests through this online form. It asks for Full Name, Phone, Email, an optional Company Name, and three required picks: Time in Business, Annual Revenue and Requested Amount, plus consent. Each request goes to funding partners, and every partner makes its own call.
What do you need to apply for a business loan in Urbana, IL?
For the form: your Full Name, Phone, Email, Company Name if you have one, and three required picks (Time in Business, Annual Revenue and Requested Amount, each as a range), plus your consent. For the partner's review later: recent business bank statements, the most recent tax return, and any quote, bid or purchase agreement behind the request.
How long does applying for a business loan in Urbana, IL take?
The form is short. What takes time is gathering the records a partner reads, so collect bank statements and returns before the call back, and have the quote or bid for the purchase in hand.
Steps to apply for a business loan: what Urbana, IL owners should know
- Send the form or phone.
- Take the call back and describe the purpose, amount and due date.
- Send the records the partner asks for.
- Weigh any written offer, then answer it.
More detail is on the how-it-works page and the FAQ .
What is a term sheet for a business loan application?
A term sheet is a summary of proposed terms, such as amount, rate or cost, payment, collateral and conditions, sent before the final agreement. It is not the contract. Compare it with the agreement when that arrives, and ask about anything that changed.
By Boldmont Lending ยท Updated