Borrowers often assume that getting a business loan is complicated, but the process becomes much smoother when you know what to expect. Here’s how it typically works when you work with an advisor. 1. Initial Consultation You start with a simple phone call to talk through your goals, timeline, and what kind of loan may make sense. This helps the advisor understand the full picture before recommending anything. 2. Reviewing Your Financials You’ll provide basic documents like bank statements, financial reports, and business information. This helps determine what types of loans you qualify for. 3. Exploring Your Loan Options Your advisor outlines the lending options that match your situation—SBA, term loans, private lenders, asset-based loans, and more. This saves you from applying blindly or getting stuck with the wrong lender. 4. Submitting Your Application Once you decide on a loan type, your advisor walks you through the application requirements and ensures everything is packaged correctly so your file is strong from the start. 5. Approval and Funding After your application is submitted, lenders review your information, issue approvals, and finalize terms. A well-prepared borrower sees significantly faster results.