Contact details, three ranges and a consent box are all this form takes. The purpose is covered on a call, and documents go to a funding partner only when it asks.
Steps San Mateo County, CA research labs take to apply for a small business loan
- Fill in the form on this page: name, phone, email and company name.
- Choose a range for each of three questions: years in business, yearly revenue and the amount the business is after.
- Check the consent box and send. The form takes nothing else: no uploads and no description of the need.
- Talk the purpose through on a call: a dental office’s chair or scanner, a lab’s freezer or a payroll gap, with the cost and the timing.
- Share documents when a funding partner asks for them, then read any offer the partner makes before deciding.
An owner who would rather skip the form can call (650) 336-2048 and start the same way.
A dental office buying its first cone-beam scanner is one of 515 offices of dentists that San Mateo County, CA counted in 2023 (CBP, NAICS 6212). Of those offices, 227 had fewer than five employees, so a small practice going through these steps is far from unusual.
What banks look at for a San Mateo County, CA consulting firm business loan
Banks and other funding partners each set their own criteria, but the review of a consulting firm can come down to a handful of areas:
- Time in business, which the first range on the form captures.
- Revenue, as bank statements and tax returns show it.
- Concentration: how much of the billing comes from the largest client or two.
- Existing debt and the payments already going out each month.
- The credit file of the firm and of its owners, which a partner may check as part of its own review.
- What the money is for, and whether the new payment fits the firm’s cash flow.
A partner can also ask for client contracts or an accounts receivable aging report, since a consulting firm’s revenue depends on when its clients pay. None of that goes through the request form; it goes to the partner when the partner asks.
The order of events after the form is set out in how a request moves from call to offer, and short answers on credit checks, EINs and declines are in the funding FAQ.
Documents a Redwood City, CA software firm needs for a business loan
A software firm sends no files with this form. A funding partner reviewing the request may ask for any of the following:
- Business bank statements for recent months
- Business and personal tax returns
- A profit and loss statement for the year so far, plus the latest balance sheet
- Articles of incorporation or organization, and the federal EIN
- Photo ID for each owner the partner names
- Recurring revenue records: subscription billing reports or signed client contracts
- A schedule of current debts, with balances and monthly payments
For a software firm that bills by subscription, an export from its billing system showing monthly recurring revenue, canceled accounts and the customers behind the largest invoices can save a long explanation. A partner may still want the bank statements that show those deposits landing.
Computer systems design and related services, the NAICS group that holds IT consulting, had 775 establishments in San Mateo County, CA in 2023 (CBP, NAICS 5415), and 539 of them had fewer than five employees, or 69.5%. For a shop that small, a short and tidy document set does a lot of the explaining.
Which items a partner asks for, and how many months of statements it wants, is up to that partner.
Business loan application checklist for Redwood City, CA research labs
Before sending the form, a research lab can run through this list:
- The form: contact details, company name and the three ranges, with the consent box checked
- A one-line answer to what the money pays for, ready for the call
- The price or quote for any instrument, kept for the partner
- Sponsor or customer contracts that show when payments arrive
- Recent bank statements and the last filed tax return
- A list of what the lab already owes each month
A lab spun out of a larger company, or a dental office bought from a retiring dentist, can say so on the call. How a partner counts time in business in a case like that is the partner’s decision.
Questions about the form itself can go to (650) 336-2048.
By Whiteside Finance · Updated