AdvisorLoans

Consulting

We deliver independent lending advice we believe serves the best interests of the advisors we work with. Our consulting is relaxed, unbiased, and straight-up candid. We’ll give you an instant read on your loan request’s viability, highlight any workarounds or red flags, and ensure the loan aligns with your strategic goals or future financing plans.

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You might be new to this, but it’s our bread and butter. We simplify the process, freeing you to focus on your clients. We’ll tell you exactly what we need, then run point from start to finish. We’re a free outsourced loan coach and quarterback.

Support

We provide on-going support to advisors after the loan closes. We’re available to assist with questions about the annual covenants required, prepayments, help with any support issues with the bank, and of course with future loans and loan refinancing.

Basic Loan Documents Needed for a Loan Proposal

If you want meaningful feedback and acquisition loan pre-approval then these are the first set of documents to start finding and compiling.

Applicant(s)

All Loans:

  • Application

  • Practice Performance Statement

  • 2024, 2023, and 2022 personal/business tax returns

  • 2024 P&L and Balance Sheet (if 2024 is on extension)

  • 2025 Interim Financials

For Any Acquisition:

  • Letter of Intent or deal terms

  • Pro forma

Sell-Side

Partial Book:

  • Report showing seller’s total AUM

  • Amount of AUM/Revenue being sold

  • Percentage of revenue in recurring revenue

  • Any associated costs buyer will incur

Complete Asset/Equity Acquisition

Report showing seller’s total AUM

2024, 2023, 2022 Tax returns or Schedule Cs

Loan Process Typical Timelines

Loan Package

  • Consultation

  • Complete loan package

  • Receive Loan Proposals

  • Select Lender

  • Execute Loan Proposal

Week 1

Loan is submitted to bank's underwriting. Depending on the lender there may be a backlog of loans and the bank analyst may take days or a week before they start on your loan full effort. The steps and remaining documents which will be needed to close your loan is being organized and working on these items in advance makes a big difference in total timing of process.

Weeks 2-3

This is the about 2-3 week period it takes bank analyst to fully underwrite the loan but this is because of they're always working on multiple loans at once and may have a handful right now. There also may be back-and-forth with analyst questions which can add days to the process. However, for conventional loans this can be slightly shorter period down to a week.

Weeks 3-5

This is the typical period of time range when the loan is formally approved by the bank approver or by committee. A verbal approval is quickly followed by a commitment letter. This means the bank is ready to fund the loan once all closing items are completed.

Weeks 4-6

Any remaining closing items are collected. Typically once all checklist items are completed the bank's loan closer will sign off on it and the loan docs are generated.

Weeks 6-8

The loan and security agreement is executed, funds are wired to seller directly or to escrow. Any buyer working capital is wired to the borrower.