THE LOAN PROCESS

Phoenix takes pride in making quality, professional presentations to interested lenders. To do this properly we become very knowledgeable about our clients business. We work closely with each client and his or her accounting firm to better understand the client's financial condition.

Our work is divided into three phases, the evaluation phase, the business plan phase and the loan presentation phase. During the evaluation phase we review the following information in order to determine the viability of a proposed loan.

• Operating History
• Current Financial Status
• Financial Needs
• Cash Flow Projections
• Personal Financial Statement

If, after careful consideration, Phoenix and the client decide to proceed with the project, we then work hard to assist the client in assembling the information required for a loan presentation that is structured in a business plan format. Normally the following information is required:

• Statement of Loan Purpose and Use of Funds
• Management Resume
• Business History
• Business Financial Statements and Tax Returns for the past 3 years and Interim Financial Statements
• Revenue and Cash Flow Projection
• Business Debt Payment Schedule
• Personal Financial Statements

Phoenix will organize this information and submit it to lenders in a comprehensive, organized and indexed presentation that presents the client in a flattering posture. Over the years, Phoenix has earned the reputation with lenders for generating quality applications. Lenders know that we carefully screen and evaluate our clients. As a result, our clients generally get preferential, timely treatment by those lenders.

FEES

Phoenix does not charge a fee for doing the evaluation work. If we decide to proceed, we charge a modest retainer commensurate with the size of the proposed loan.

Nearly all of our fees are based on success, i.e. earned only when the transaction is closed. The fee rate is discussed with the client and mutually agreed upon before the extensive work commences.

“McCray Oil Co.'s Convenience Stores now have a much better cash flow, thanks to financing arranged by Phoenix Financial Services, LLC.”

Mark McCray, Owner
McCray Oil Co.
CONVENIENCE STORE
OPERATION