How to Secure Your Financing

We value your time. To ensure a smooth process and a quick decision, we recommend following these steps.

Step 1: The Initial Consultation 

Before applying, call the Valley Branch (509-789-4335) and they will put you in touch with one of our Commercial Lenders. We will discuss your project scope, timeline, and financial goals to determine if your request fits our lending criteria. This initial 10-minute phone call can save you weeks of effort.

Step 2: The Financial Packet 

Commercial underwriting requires a deep dive into financials. To move to the term sheet or approval stage, we will need a full financial package. The Essentials Checklist:

• Tax Returns: Last 3 years of business and personal tax returns.

• Application & Personal Financial Statement (PFS): Current snapshot of net worth and liquidity for all owners with >20% stake. Your Commercial Lender will provide you with a form to be completed.

• Entity Documents: LLC operating agreements or corporate bylaws.

• Income Info: Current Year-to-date Profit & Loss (P&L), Balance Sheet, and Accounts Receivable and Accounts Payable Aging Reports.

• Other Items: No two commercial loans are the same; therefore, certain loan products and industry types may require additional information about your application. After speaking with a Commercial Lender, they can guide you on what additional information may be needed for underwriting. 

• Project Plans: For construction, a cost breakdown and architectural plans.

• For RE Investors: Current Rent Rolls and copies of existing Lease Agreements

Step 3: Appraisal & Underwriting

Once we have your packet, we analyze the metrics (LTV, LTC, and DSCR) that are applicable for your loan request. For construction and acquisition, an independent appraisal is required to verify the market value and projected market rents.

Step 4: Approval & Closing

Decisions are made locally. Once approved, we move to document signing and funding. 

Already have your documents ready?

Email your financial packet to the commercial lending team to get started.