As your partner in commercial financing, HFP is proud to say that we have tried to simplify the application process and while being as thorough as necessary to be sure that your short-term and long-term needs are met regarding the best financing for your particular situation, we also are concise in our data collection processes.
Step One: Interview
The old songs proclaims, "... getting to know you.." This step is exactly that. This is not a time for order taking or merely gathering the facts to fill in the blanks. This is the time, that if best spent, will allow us to develop your plans, dreams and desires. This is a time for you to help us learn exactly what is trying to be accomplished and to allow us to "open a window" and take a look inside to see exactly what product or service will best suit your needs in accomplishing your financial goals.
To us, this is the pivotal part of the relationship as we gain a better understanding into each other processes. This is a time when "one question begets another" and through a more conversational discussion, we are able to better gain a full understanding of your needs.
Step Two: Lender Pre-Approval
Once we have collected an initial package, we are then put to task of developing as clear a picture for potential placement of your financing. We begin this process by formulating your project into an Executive Summary, which includes a tremendous amount of background documentation and supporting documents for your financing request. In addition to the simple facts, we have found it far more helpful to fully develop every aspect of your request and present the lenders with as complete a package as possible. Our normal time investment in this beginning phase of Lender Pre-Approval ranges from 10-80 hours. We
Step Three: Underwriting
The lender, the lender, it is all about the lender. At this stage, the lender takes all of our supplied documentation including the Executive Summary, back up documentation as well as photos, comparable sale information, value support, market research and business analysis and trending and they evaluate and verify the package. At this juncture, if deemed suitable, the lender will order the appraisal and address environmental implications of the request. The lender will provide initial feedback, and may very well ask for additional information of us or from the client.
Step Four: The Art of Closing the Deal
While this may signal the end of this transaction, this is actually the beginning of what we hope to be a long-lasting and fruitful relationship for all parties involved. Most companies view the client as a paycheck, but we truly believe in the relationship-based philosophy of business. Through the entire package, we have come to know the client, the client's business and the client's long-term aspirations. We have documented a complete transaction file and now we are best-prepared and suited to assist the client in completing any and all of their future endeavors. For us, this is not the end of the road, but moreover the beginning of a long and prosperous journey.
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