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Apply for a Business Loan in Durango, CO: One Short Form

The form takes contact details, the company name and three ranges: time in business, annual revenue and the amount requested. It ends with a required consent box; read its wording before you check it.

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In short

This page holds the online request form for Aspenspring Business Loans in Durango, Colorado and explains what follows it: a conversation, a funding partner's review, any records the partner names, and an offer or term sheet the owner can accept or decline. It also covers applying for a loan to buy an existing business.

How Do I Apply for a Business Loan Through This Form?

  1. Enter full name, phone, email and the company name.
  2. Pick the ranges for time in business, annual revenue and the amount requested.
  3. Read the consent box wording, check it and send the form.
  4. Talk the request through; then a funding partner reviews it.

Records a Partner May Name Once the Form Is In

Nothing is uploaded with the form. If a partner reviewing the request needs records, it names them: recent business bank statements, the latest tax returns, a balance sheet and profit and loss statement, and the quote, invoice or contract behind the request. Sending only what is named, complete, keeps the review moving.

What Is a Term Sheet, and Where Does It Fit After the Form?

A term sheet is a summary of an offer's main terms: the amount, the rate or factor, the term, the payment, the fees, the collateral and any guarantee. It comes before the full agreement and lets the owner check the deal before documents are drawn up. A term sheet is not funding, and the full agreement governs; read both.

Applying for a Loan to Buy an Existing Business

An acquisition request starts the same way, with the form or a call. A partner then reads the seller's tax returns and financial statements, the purchase price, the buyer's down payment and experience, and the letter of intent. The Colorado acquisition guide sets out the steps, and the term loan page works an example.

The Business Loan Application Process at a Glance

Form or call, conversation, partner review, records if named, offer, owner's decision. How a request moves covers each stage, and the FAQ answers questions on income, loan size and default.

Before filling in the form, the article on what goes into a business loan application lists the records a partner may ask for afterward.

By Aspenspring Business Loans ยท Updated