This page explains how a funding request sent to Silverport Capital in Wenatchee, Washington moves from a first call to a partner's answer: what the first conversation covers, how the funding type is chosen, which records a partner may ask for and how an offer is read. Each partner reaches its own decision on a request.
Stage One: The Call or the Form
A request starts with a phone call to (509) 357-1744 or the request form. The form takes a name, phone, email, a company name if there is one, and three ranges: time in business, annual revenue and the amount sought. Its final field is a consent checkbox that must be checked to send; the box's wording is worth reading first.
The first conversation is about the need: what the money covers, how much, and when the revenue to pay it off or collect it arrives. A hotel owner describing a linen and payroll gap and one describing a room refit are starting very different requests.
Stage Two: Matching the Need to a Funding Type
The need and its timing point to a funding type. A gap of weeks points to working capital or a line of credit; a machine to equipment financing; a buyout or remodel to a term loan; stock bought ahead to inventory financing. A merchant cash advance is a different product altogether, a purchase of future receipts, and is priced against the loan options.
Stage Three: A Partner Reviews the Request
With the owner's go-ahead, the request goes to funding partners that consider that kind of need. A partner may ask for records, ask questions, make an offer, offer something different, or decline. Each partner decides on its own; no one else can approve or change its decision.
Stage Four: Reading the Offer and Deciding
- The amount, and whether any fees come out of it at funding.
- The price: an interest rate and fees for a loan, a factor for an advance, payments and a buyout for a lease.
- The schedule and the total of every payment.
- Collateral, liens and any personal guarantee.
- Prepayment terms and what happens after a missed payment.
Turning an offer down is always the owner's choice.
Checking a FICO SBSS score as a Wenatchee, WA restaurant owner
The FICO Small Business Scoring Service score, or SBSS, is a business credit score some lenders use, built from business credit data, the owners' personal credit and business financial details. A business owner generally cannot pull an SBSS score the way a consumer pulls a personal credit report; it is produced for the lender.
What an owner can do is check the pieces that feed it: personal credit reports from the three bureaus, business credit files where they exist, and whether the business's public records are accurate. Errors fixed before a request are errors a partner never reads.
Small business loan requirements behind a Wenatchee, WA restaurant's request
Full-service restaurants in Chelan County, WA counted 113 employers and 1,783 paid employees in 2023 (County Business Patterns, 2023 data, U.S. Census Bureau). Requirements differ by partner and product, but a restaurant's request is generally read on these points:
- Time in business and ownership.
- Revenue, as shown in bank deposits and card settlements.
- Existing debt and the payments already drawing on deposits.
- The owners' credit history.
- Collateral, when the product is secured.
- The purpose and a quote, for equipment or a remodel.
The restaurant loans page lists records by purchase.
The records a Wenatchee, WA hotel gathers for a small business loan
- Statements from every business bank account the hotel uses, covering recent months.
- Card processor statements, if card sales settle to a separate account.
- The hotel's newest business return plus each owner's personal return.
- The hotel's profit and loss so far this year, with its balance sheet.
- For a flagged property, the franchise agreement and its renewal date.
- Quotes for any FF&E or renovation, and a list of existing debt.
Traveler accommodation employers in Chelan County, WA, including hotels and motels, had $52.3 million in payroll in 2023 (County Business Patterns, 2023 data, U.S. Census Bureau).
Business loan underwriting, stage by stage, for a Chelan County, WA landscaper
Underwriting is the partner's review. For a landscaper in Chelan County, WA, one of 68 landscaping employers counted in 2023 (County Business Patterns, 2023 data, U.S. Census Bureau), it runs in a sequence:
- The partner reads the request and the deposits.
- It checks credit for the business and the owners.
- It reads the purpose: a mower quote, a truck, a payroll gap.
- It may ask for tax returns, contracts or an equipment list.
- It sets an offer or declines.
The owner can speed the process up only by having the records ready; the timing is the partner's.
Also on the Silverport site: the six funding types side by side and questions answered.
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