Four steps: describe the cost, gather the records a partner reads, the partner reviews and decides, and you accept or decline any offer. Nothing is accepted on your behalf.
From the First Call to a Partner Decision in Four Moves
Each request moves through the same four steps, whatever the funding type.
- Describe the cost. Call (612) 608-4508, or use the online request form. Say what the money is for, the amount in mind and when the income behind it arrives.
- Gather the records. Bank statements, a profit and loss statement, current debts and any quote or contract behind the cost.
- Partner review. Wheatvale passes the request to funding partners. A partner reviews it and decides whether to make an offer, and on what terms.
- Your decision. Each offer that arrives is yours to weigh and to take or refuse.
Questions at any step can go to the same phone number. The FAQ covers the most common ones, and the contact page lists the office address.
How to Apply for a Line of Credit? An Example With Intraoral Scanners
Applying for a line of credit follows the same steps, with one difference: a partner sizing a line reads how often and how deeply the business dips. A dental office adding intraoral scanners might ask for a line to cover the training weeks, when fewer patients are scheduled, while financing the scanners themselves on equipment terms.
Online applications for a line usually ask for bank access or uploaded statements so the partner can read balances over time. A request sent through Wheatvale gathers the same information through a conversation and the form.
How to Get Working Capital Loan from Bank? An Example With Crew Trucks
Banks commonly read a working capital request through tax returns, a balance sheet, a profit and loss statement and the owner's credit, and many prefer an existing deposit relationship. For a landscaping company adding crew trucks, the bank may suggest putting the trucks on an equipment loan and keeping working capital for the crew's wages.
If a bank declines or the timing does not fit, other partners may read the same request differently. A partner's decision belongs to that partner alone.
What Are Small Business Loan Requirements? An Example With Air Compressors
Small business loan requirements differ by partner and product, but the core list is consistent:
- How long the business has operated, and whether it is an LLC, a corporation or a sole proprietorship
- Annual revenue and recent bank statements
- Profit after current debt payments
- Existing loans, leases and advances
- The owner's credit and identification
- For a purchase, the quote, contract or purchase agreement
For an auto shop buying air compressors, the quote is the anchor document: it shows the amount, the equipment and the vendor. The rest of the list shows whether the shop's cash flow can carry the payment.
What Are the Steps to Get a Business Loan? An Example With Classroom Furniture
The steps to get a business loan for classroom furniture at a child care center are the same four. The center describes the purchase and the opening date of the room, gathers its bank statements and tuition records, a partner reviews them, and the director decides on any offer.
Keep the furniture quote and the enrollment plan for the new room together. They tell a partner what the money buys and when the room starts paying for itself. See the six funding types for how furniture, payroll and a build-out can each be financed.
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