Our lending philosophy and how your relationship manager can help you get the most out of it.

Our relationship managers receive significant autonomy in the loan application approval process. This empowerment extends to their ability to help ensure the success of your practice or business. To clearly understand your business and identify your needs, our relationship managers consider the following:

• Who are your key clients?
• What are your greatest expenses?
• What are the current strengths and weaknesses in your marketplace?
• Where does your business excel?
• Where does your business struggle?

Because BB&T knows how practices and businesses like yours run, we can show you ways to help it run more smoothly. If your practice or business is a startup, we can show you ways to get your business heading in the right direction.

Streamlining the Lending Process

Before you apply for your loan, consider these key points. It also pays to remember that BB&T is only a phone call (800-758-0038) away when you have questions about financing.

• What is the purpose of your request? For example, start up, expansion, or diversification?
• What is the predictability of your profitability?
• What kind of collateral do you have available?
• What is your guaranty status?

You will also need to submit these documents along with your loan request:

• Your business plan, if you’re a startup
• A description of how loan proceeds will be spent or use of funds
• Resumes of your principals
• Your current financial statements, as well as statements from the past three years, if your business is already in operation
• Personal tax returns for your principals for the past three years
• A project cost breakdown on new construction or renovation
• A copy of your promissory notes if you are refinancing existing debt
• A copy of land or facility lease, if applicable
• Information on other businesses that you control
• A purchase contract or closing statement, if applicable
• If the loan is a refinance, include copies of all prior notes and current month statements.
• If the loan is for a beginning business, please submit 3 years financial projections which include profit and loss statements and balance sheets. The first year should detail monthly projections and the subsequent two years should detail annual projections.