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Business Loan Qualifier

At Regent Bank, we know your time is valuable and we don't want to waste it with unnecessary paperwork and red tape. Our goal is to take away the 'mystery' of the lending process, so you will know what it takes to qualify for bank financing. We have put together the following steps so you will know how Regent Bank evaluates your loan request. Please answer yes or no to the following questions.

Business Information:
YES	NO
		1. Have you been in business at least 3 years or do you have a significant amount of experience in your industry prior to starting your business?
		2. Has your business been profitable (defined as positive net income) in 2 of the last 3 years?
		3. Has your business been profitable so far this year?
		4. If your business has been unprofitable in the recent past, do you expect to be profitable this year?
		5. Do you have available collateral equal to or greater than the amount of your loan request? (Acceptable collateral typically includes real estate, marketable securities, cash, equipment, accounts receivable or inventory.)
		6. Is your debt/equity (total business debt/total equity) 50% or less?
		7. Is your current ratio (current assets/current liabilities) 2.0 or greater? (Current assets can be easily liquidated and typically consist of cash, accounts receivable, inventory, etc. Current liabilities are due within one year and typically include accounts payable, current portion of long-term debt, payroll taxes, etc.)
		8. Is your monthly business cash flow (net income + depreciation + amortization + interest expense) at least 20% greater than the amount of your existing and proposed monthly loan payment(s)?
Personal Information:
		9. Is your personal credit score above 650?
		10. Is your personal debt/income (monthly payments/gross monthly income) 40% or less?
YES	NO

If you answered yes to at least 8 of the 10 questions above, you are a strong candidate for a business loan with Regent Bank. For a list of documentation we will need in order to evaluate and process your loan request, please visit the Business Loan Documentation link in this section of our website. Don't hesitate to call us at 918.488.0788 or email us at businessloan@bankregent.com with questions. We look forward to working with you!