Business Owners: How do you show the SBA you mean business?
A professionally prepared loan package will make them take you seriously.
Be sure your applications fully comply with SBA guidelines. Many qualified business owner’s SBA Disaster loan applications are declined due to an improper loan application filing, insufficient documentation and incorrect packaging submission. The Small Business Administration’s Office of Disaster Assistance is working around the clock to assist businesses recover from the devastating blow of a disaster. However, if your paperwork is improperly or unprofessionally filed, it can cause a delay or denial of your loan. Why take the chance? Have your loan professionally packaged by BCC, an SBA lending specialist!
A proper loan application package for an SBA disaster assistance loan is critical to its approval
Approximately 50% of SBA disaster loans applications are denied, some due to credit issues, but also many due to insufficient loan packaging. Although the SBA does not require for you to hire a professional, Barthelemy Commercial Capital is here to help you avoid unnecessary disaster loan application pitfalls and assist you in receiving the funds you need to rebuild…now! We offer a complimentary consulation and analysis with the prospective borrower. If, according to our professional analysis, the borrower is determined to be a good candidate to apply for a disaster loan, we prepare an application and loan package that exactly matches SBA requirements to increase the chances of approval.
Packaging that Helps the Business Owner and the SBA
We understand that in the face of an unexpected, unprecedented natural disaster, small business owners are in a unique situation. We understand their normal business operations have been disrupted, and assist them in organizing their financial details in the proper format to qualify for a disaster loan.
To package an application for the disaster loan, we rely on our expertise, experience, strict SBA guidelines and loan models. We carefully review all submitted documentation and information to ensure uniformity, completeness and accuracy. We then prepare triplicate copies of the loan package presented to the SBA: one for the borrower, one for the SBA, and one for BCC. Thus all three parties reference the same document, in the same format.
Priority Service and Expedited Approval
When your disaster loan package from Barthelemy Commercial Capital is submitted to the SBA, it requires little or no additional work from the loan officers. We present a clean and complete file. It’s quickly entered into the workflow, ahead of faulty, unprofessionally prepared packages that need in-depth scrutiny and attention from SBA Loan Officers and processors. This expedites the approval timeframe for the SBA — getting you the funds you need faster. Within 5 days of signing closing documents, money will be in your hands!
Deadline for applying for an SBA disaster loan.
Time is of essence, get your applications in now! By law, the deadline to apply for a physical damage loan is 60 days, or roughly two months, after the declaration of a disaster. The deadline for an economic injury loan application is nine months.