New eGuide — Ask the Underwriter: 10 Words of Advice from the People Making Loan Decisions
Applying for a small business loan can be a daunting experience. What are your chances of getting approved? How long will it take you to complete the application? How long until you hear back?
It can often seem like you’re entering uncharted waters, even if you have gone through the process before. Our goal at Fundera is to change this. We want to bring more transparency to the entire small business loan process, from beginning to the end. But, it’s easy to talk about what’s included in an application, or what to do once the money is in the bank. With this eGuide, we want to shed light on one of the more mysterious parts of the entire process: underwriting.
What happens once lenders have your application in hand? Who are the people making the decision about your application? How do they come to that decision?
To give borrowers insight into what goes on behind the scenes, we sat down with two underwriters from our lending partners.
Steve Freshour, Director of Credit at Dealstruck, and Chris Capecelatro, Senior Underwriting Manager at Funding Circle, answer 10 questions below to help you, the borrower, learn more about their decision-making process.
Latest posts by Meredith Wood (see all)
- Here’s What Jill Stein Has to Say About Small Business - October 25, 2016
- Here’s What Gary Johnson Has to Say About Small Business - October 20, 2016
- Here’s What Donald Trump Has to Say About Small Business - October 14, 2016
When This Entrepreneur Lost 100 Pounds, He Knew His Coconut Business Would Succeed
Meredith Wood / Sep 9, 201622
The 25 Best Books for Entrepreneurs
Georgia McIntyre / Oct 7, 20166
Looking for Success? Try One of The 5 Most Profitable Industries
Meredith Wood / Feb 10, 20165
Need a Profit & Loss Statement? Here's How to Make One Quickly
Jennifer Dunn / Oct 6, 20144
Starting a CrossFit Box? Get Help From These 10 Kickass Tips
Vivian Giang / Mar 5, 20154