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LOAN PROCESS

We aim to make the loan process as simple and stress-free as possible. While all loans follow a similar structure, specific requirements may vary depending on the loan type.

Step 1: Initial Consultation

  • Complete our online inquiry form, and an expert consultant will contact you to discuss your options. You can also reach out to us directly at 877-300-0855

  • There is NO OBLIGATION REQUIRED and NO FEES to get the process going with us.

  • After the initial discussion about your loan needs, we will share a list of requirements to start the process.

Step 2: Pre-Approval

  • Once we have shared the list of needs and required documents have been received, we will review to provide our expert opinion.

  • There is NO IMPACT on your credit score. We do not run your credit.

  • Your personal financial strength and sources of injection are reviewed.

  • An in-depth analysis will be done for loan feasiblity.

  • All information is kept confidential and used solely for sourcing or processing your loan.

Step 3: Quotation and Pre-Approval

  • Once required documentation is provided, your Conerstone Capital Lending consultant will work diligently with banks to get you the best terms for your loan needs.

  • Withins 24 to 48 hours, we will receive bank feedback, questions and even finacing terms.

  • A Letter of Intent or Conditional Offer is issued as the first step toward securing your loan

Step 4: Underwriting Process

  • Upon selection of an LOI and signed terms, we will guide you through gathering the remaining necessary documentation to get to the closing phase

  • Third party reports are ordered such as appraisal, environmental inspection, lien searches, business valuations, and credit checks.

  • Once the underwriting process is complete, and the loan is approved, we move into closing.

Step 5: Closing and Funding

  • The loan closing and funding process takes about two weeks to complete after the loan has been approved.

  • Our goal is to finalize loan applications within 45 days of signing terms with the bank, provided all required information is submitted promptly and there are no delays in the process.

We can assist you with, but are not limited to, these services

  • Pre-qualifying a buyer for a current or future purchase

  • Pre-approving a current business for sale

  • Analysing a business for refianance or purchase for debt coverage and loan feasiblity

  • Purchase of the property for a business currently leased

  • Construction and conversion projects

  • Partner buyouts and ownership structure changes

  • Funds for working capital, FF&E, soft costs, materials, etc.

Our Commitment to You

​Your dedicated consultant will be available throughout the process to assist with questions or challenges, and guide you every step of the way. Whether you’re just starting or have questions after completing your loan, Cornerstone Capital Lending is ready to support you.

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