This page follows a funding request from Goldbrook Financial in Dyersburg, Tennessee to a partner's decision. It lists small business loan requirements record by record, what a partner reads for a line of credit or working capital in Dyer County, TN, the stages of underwriting, and a worksheet for comparing two offers, with invented figures.
Comparing Offers Before Signing: A Dyersburg, TN Manufacturer's Worksheet
Illustration only, invented figures: a Dyersburg, TN manufacturer holds two offers for $120,000. Offer A runs 60 months at an annual rate of 10% with a $2,400 origination fee: about $2,549.65 a month and $155,378.72 in all, fee included. Offer B runs 48 months at 11.5% with no fee: about $3,130.68 a month and $150,272.69 in all (our arithmetic).
| Line on the worksheet | Offer A | Offer B |
|---|---|---|
| Monthly payment | $2,549.65 | $3,130.68 |
| Months | 60 | 48 |
| Fees | $2,400 | $0 |
| Total dollars paid | $155,378.72 | $150,272.69 |
The lower rate does not settle it. Offer B costs fewer total dollars in this invented case but asks for a higher monthly payment; the plant checks that payment against its weakest month of deposits before choosing. Prepayment terms, collateral and any personal guarantee go on the worksheet too.
Small Business Loan Requirements in Dyersburg, TN, Record by Record
| Record | What a partner learns from it |
|---|---|
| Business bank statements, recent months | Deposits, balances, existing debits |
| Business tax returns | Profit over full years |
| Year-to-date profit and loss | How the current year is running |
| Debt schedule | Every loan, lease and advance with its payment |
| Formation papers and owner ID | Who owns the business and who signs |
| Quote, invoice or purchase agreement | What the money buys |
A partner names which of these it wants; not every request needs every record.
Business Line of Credit Underwriting Guidelines for Dyer County, TN Owners
For a line of credit, a partner reads how money moves through the account more than any single year's profit. It looks at average deposits, the smallest daily balances, receivables and how fast customers pay, and existing lines with other funders. A line is reviewed again at renewal, so the same records come back each year.
- Deposit pattern month by month.
- Receivables aging: how much is owed and how old it is.
- Other credit lines and their balances.
- Time in business and recent returns.
Business Loan Underwriting Process Near Dyersburg, TN in Five Stages
- Request: you phone or send the form with the purchase, the amount and the timing.
- Narrowing: the funding types that fit are discussed and one or two are chosen.
- Review: a partner reads the request and the records it names, and may ask follow-up questions.
- Decision: the partner chooses whether to make an offer and sets its terms.
- Your choice: you read the offer, compare it and decide whether to sign.
Goldbrook does not decide at any stage; the partner's offer and your signature are the two decisions that count.
Requirements by Funding Type for Dyersburg, TN Companies
| Funding type | Records added to the core set |
|---|---|
| Term loan | Purchase agreement, seller's returns for an acquisition |
| Equipment financing | Vendor quote, serial number, hours for used machines |
| Working capital | Receivables aging, customer payment history |
| Line of credit | Deposit pattern, other lines |
| Inventory financing | Inventory list, sales history for the goods |
| Merchant cash advance | Card processing statements |
Dyer County, TN had 785 employer establishments in 2023, 48.7% of them with fewer than five employees (County Business Patterns; our arithmetic), so a request's records range from a sole owner's returns to a plant's audited statements.
Working Capital Underwriting in Dyer County, TN: Deposits, Receivables, Existing Debt
Working capital underwriting looks at three things together: deposits, receivables and existing debt. Illustration only, invented figures: a Dyer County, TN distributor deposited $118,400, $109,700 and $126,300 over three months, about $118,133 on average (our arithmetic). A partner sets that average against the receivables due in the next 60 days and the payments already leaving the account.
The request form starts the process, the FAQ covers payroll, rent and early payoff questions, and the timeline article explains what sets the pace of each funding type.
By Goldbrook Financial ยท Updated