A deal recommendation summary gives the lender all of the key pieces of information they need in a clear and concise format. This will definitely help to speed up the process and get you a response about your application a lot sooner!
A deal recommendation is a summary document that provides the lender with a high-level overview about the company and the loan application, including:
- The overall strengths and weaknesses of the business
- Recommendations for the requested loan
- Highlighted data on company sales, profits, liquidity, leverage and repayments
It also summarises key information about the company’s credit worthiness and serviceability, and the security that has been offered.
Key questions that a lender will consider when reviewing the deal recommendations are:
- Has a summary been provided with all of the key business information and high-level financial metrics I need to make a decision?
- Have they clearly stated what the strengths of loan approval are?
- Have all of the perceived business weaknesses been addressed and alleviated?
- Has the business’ capacity to repay the loan been demonstrated? What is the basis of this?
- Are the proposed loan conditions suitable to the lending requirement?
- Does this opportunity represent a reasonable risk to me as the lender?
Ready to get started? Our experienced relationship managers know lending approvals inside out. They will guide you through the lending process and make sure your application has everything it needs for success: Let’s go!