What happens when your Business Loans applications are not prepared well?
How many people do you know in the franchise world, who went to a bank to apply for an SBA loan and got denied? That number can be startling, ranging from 40% to 80% depending on the type of lender and type of loan.
Finance Logix states “Only around 57% of general small business loan applications made to traditional banks are approved, with the remaining 43% resulting in denied business loans. SBA loans have a 52% approval rate, meaning 48% of applicants face denied business loans. In other words, 48% of SBA loan applicants and 43% of applicants to traditional banks will likely see their requests rejected”.
What’s the solution?
EZ Funding Solutions was started in 2013 after Founder, Parag Nevatia, spent 20 years in the Banking Industry, realizing that most loans usually get declined from banks because people are unable to present themselves clearly or for arguably unknown and "very often", frustrating reasons, sometimes, weeks or months later, basically wasting everybody's time, including the franchisors, landlords, and the franchisees pain of not opening the location quickly to start making money.
EZ Funding Solutions offer Business Loan Consulting Services from Vision to Approval, to Construction and Grand Opening.
Franchisors have recommended their franchisees to EZFS simply because others just do not follow through and bring the file to the finish line and surely do not invest enough time on every client to make sure everybody knows what to expect. For more information on EZFS Franchise Proposal click here https://www.ezfundingsolutions.com/franchise/
EZFS offer Business Plans or Loan Projection Service for our Banker Partners, for their borrowers, looking for financing for their Franchise start up.
EZ Funding Solutions is a 4-in a row Award-Winning Business Finance Advisory Firm (GCIF (2020), MoRE (2021), Money 2.0 (2023) and NJBIZ (2023).
Founder, Parag Nevatia has an Accounting Degree (to understand how numbers move around), clubbed with the production-line work experience (brought into to the financing world), SBA Underwriting Certification (to differentiate from Loan Brokers) and the Focus and Credibility within the Banking world (by being a Counselor), therefore approaching EZFS goals by virtue of educating each client so that they can thrive to make well informed decisions and not fail.
Parag's best-selling book "Bankability - a Walkway to Loan Approvals and Building Equity" is available for purchase on Amazon and downloadable on Kindle, through this link on the second slide: https://www.ezfundingsolutions.com/
For more details, please check out our main services below:
Business Loan Consulting is a service for entrepreneurs looking to secure financing. It offers a comprehensive approach to the loan process from initial due diligence and preparation, followed by underwriting, to eventual loan closing and beyond. This consulting service ensures that businesses are not only able to secure financing but are also well positioned for sustainable growth and success. Additionally, it has expert advisory and consulting, loan structuring and analysis, preparation and presentation to a bank, underwriting support, closing due diligence support and in many cases, construction consulting support as well.
https://www.ezfundingsolutions.com/business-loan/
Business Loan Advisory & Counseling
Business Finance Advisory and Counseling Services is tailored to the unique needs of startups and established businesses alike. The service is dedicated to guiding the entrepreneur through the intricate world of business financing and loan processes, setting the right expectations and ensuring the client secures the financing that’s needed for every business to thrive. This is the starting point of the Financing Journey which starts with a Q & A kind of a service where we discuss your vision and advise you on the process, timeline, expectations, documentation, regulations, communication, and costs so that you can make a well informed decision and setup a game plan to start your business venture.
https://www.ezfundingsolutions.com/business-finance-advisory-counseling/
Business Plan
A comprehensive business plan effectively showcases a business’s feasibility, scalability, bankability and financial potential, which are some of the most essential factors for banks and lenders that provide SBA loans. It should articulate your business strategy, delve into a detailed market analysis, and present well-thought-out financial projections and assumptions. Click the video on the right for more details.
https://www.ezfundingsolutions.com/business-plans/
Business Modeling and Projection Analysis is not just a tool for securing funding; it’s an integral part of strategic business planning. It offers potential business owners a clear vision of their financial future, equipping them with the insights needed to navigate the complexities of business growth and financing. In other words, this service is a crucial step in demonstrating borrower business’s viability, scalability & lendability.
https://www.ezfundingsolutions.com/projection-analysis/
Business Sustainability is a service that refers to the ability of a company to set forth a systematic game plan to manage and control its expenses to build adequate equity to keep a stronger P&L and Balance Sheet, which ultimately will help in reflecting the strengths of solid company in terms of sustaining future growth and sale price. In the process of seeking funding, the business sustainability service demonstrates to lenders that a business is not only focused on immediate gains but is also prepared for long-term success and growth by being responsive to the evolving changes on the P&L.
https://www.ezfundingsolutions.com/business-sustainability/
EZFS can be found on LinkedIn, Facebook, Spotify, YouTube,, and many other social channels.