PROBLEMS IN
LOAN PROCESSING
2D'S: DELAYS DENIALS
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Carefully review the application checklist and double-check all entries and documents before submission.
Ensure all financial documents are up-to-date, complete, and organized according to guidelines.
Prepare a detailed cash flow projection to demonstrate the business’s ability to meet loan obligations. Highlight any strategies to improve cash flow, such as cost-cutting measures or revenue-boosting initiatives.
Address any outstanding debts and provide explanations or plans to manage them.
Identify and prepare collateral options in advance based on requirements.
Develop a comprehensive and convincing business plan that includes detailed financial projections, market research, and a clear strategy for growth and profitability.
