How to Use Technology to Get Pre-Approved for Commercial Funding


Manage episode 266042665 series 2475757
By Ty Ccrandall and Ty Crandall. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Stormi Scott is the Business Development Manager for Leverage, a software and education platform designed to help small business owners and property investors make more informed and empowered financing decisions. Stormi began her career at Wells Fargo in 2016 and through hard work and determination, she advanced herself within the banking system and became a Branch Manager at People's United Bank.

During her time in the banking industry, Stormi saw firsthand some of the struggles business owners face when seeking financing and her experiences inspired her to want to help create a system to empower better outcomes for all small businesses seeking financing going forward. With Leverage, Stormi hopes to provide small business owners, entrepreneurs, and property investors an advantage in the financing process - and empower them to start their funding conversation like never before.

During this show we discuss:

● Generating custom result and making better financing decision using tech

● How to use tech to gain leverage before applying for financing

● How to reduce chances of getting declined by not having your application seen as a fraud

● Using tech to get a loan for your small business when the bank has already told you no

● Some of the steps of the lending process you can and should automate in 2020

● How software empowers a commercial borrower

● How you can best prepare yourselves before speaking to a lender

● How to know if your transaction is likely eligible for a loan before you speak to a lender

● The common requirements you need to fulfill when applying for a business loan

● Using tech as a self-service and determine how and what type of funding to get for your business

● Using tech to get corrective actions to improve your transaction numbers and receive commercial funding for your small business

287 episodes