General checklist. Providers ask for different things. To find out what A5 Capital Group needs from you, get in touch.
1. Know why and how much
Be ready to explain what the money is for, how much you need and how it will pay off. A clear purpose helps you pick the right type of financing and avoid borrowing more than you need.
2. Gather the basics
- Business formation documents and your EIN
- Recent business bank statements
- A recent profit and loss statement and balance sheet
- Recent business tax returns
- Government-issued ID for the owners
- A list of current financing obligations and their payments
3. Tidy up your finances
- Separate accounts. Keep business and personal money apart. Mixed accounts make your revenue hard to read.
- Reconcile your books. Make sure your accounting matches your bank statements.
- Know your numbers. Average monthly revenue, typical expenses, slow and busy seasons.
- Check your credit. Review business and personal credit reports and fix errors before you apply.
4. Test the repayment against your cash flow
Before you sign anything, map the payment schedule against when money actually arrives. If payments land before your customers pay you, a tight month can become a missed payment.
5. Compare offers the same way
Line up every offer by amount received, total repayment and time to repay, in dollars. Our guide How business financing works explains why this matters.