Wrenway Funding never makes the credit decision.
A request starts with a call or the request form, is talked through, and goes to funding partners. A partner reviews documents and may check credit, then may make an offer. The owner compares it and decides. Sending a request places the business under no obligation to accept an offer.
What a funding partner may ask a Lawrence County, TN business to show before an offer
There is no single list that every partner uses. Each sets its own requirements, and they differ by product: a credit line, an equipment agreement and a merchant cash advance each look at the business from a different side. The same broad questions come up in some form:
- Its age in years and its legal form, such as an LLC or a sole proprietorship.
- How much comes in each month, as shown in bank deposits or card processing.
- The credit history of the business and possibly of its owners.
- The use the money will be put to, and the amount.
- Loans, leases and advances already open, with their payments.
- Any collateral: equipment, stock, receivables or the item being bought.
This site works with operating businesses. A startup without sales yet, a real estate purchase or a building construction loan is outside what it arranges, and so are trucking and agriculture. The business loans page sets out the six products, and the FAQ covers credit checks, EINs and credit lines.
Documents a Lawrence County, TN store can pull together for a small business loan, and where each one comes from
No paperwork is needed for the first call. Once a partner moves a request forward, it may ask for some of these, and each comes from a place the owner already deals with:
- Business bank statements for recent months, downloaded from the bank's online account.
- Business tax returns, from the owner's tax preparer or accounting software.
- A recent profit and loss statement and balance sheet, from the bookkeeping system.
- Photo identification, such as a driver's license, for every owner.
- Formation papers for an LLC or corporation, from the business's own records.
- A dealer quote, supplier invoice or purchase agreement for the cost being funded.
Owner-only businesses go through the same steps with the owner's own records. Lawrence County, TN counted 3,390 businesses without paid employees in 2024 (Nonemployer Statistics), and for a business like that, the owner's returns and the business account statements can carry most of the file.
What happens during underwriting, the stage Wrenway Funding does not control
Underwriting is the partner's own review. A partner may confirm who owns the business, read the bank statements for deposits, balances and existing payments, check business and owner credit, and, for secured products, look at the equipment, stock or receivables that would back the deal. It may come back with questions or ask for one more document.
The order, depth and timing of that review belong to the partner. Wrenway Funding passes the request along and can relay questions, but it does not approve, price or schedule anything, and it cannot speed a review up. The result may be an offer, an offer for a different amount or product, or no offer.
A 0-300 small business credit score and what this site can do with it in Lawrenceburg, TN
The FICO Small Business Scoring Service, or SBSS, produces a small business credit score on a scale of 0 to 300.
Wrenway Funding has no way to show an owner any score. A partner reviewing a request may use that score, a different one, or none. An owner who wants to know which score counts in a review can ask the partner during that review.
Stage one for a Lawrenceburg, TN shop adding an online storefront: the first call
Picture a shop that wants to sell online: product photos, a catalog, e-commerce software and extra stock to ship. On the first call, that plan gets broken into its costs, because they may fit different products. The software and catalog work are one-time costs, while the stock is a candidate for inventory financing.
On the request form there are seven inputs (Full Name, Phone, Email, Company Name, Time in Business, Annual Revenue, Requested Amount) and a consent box. The plan itself is talked through on the call. From there the stages run in order:
- A call or the request form starts things.
- The cost, the amount and the timing are talked through.
- Next, the request is in the hands of one or more funding partners.
- A partner reviews documents and may check credit.
- The partner may make an offer, or may not.
- The owner compares any offer and accepts or declines it.
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