PMF Partners Insights
The Top Five Documents Provided To Me By Borrowers That Automatically Killed Their Loan Request
Originally published in 2021. Specific interest rates, loan sizes, and program details have likely changed since. For current terms, please contact PMF Partners.
5. Five year projection with all revenue and expenses at 0.
4. Last two years tax returns showing loses of over $1 million each year
3. Borrower statement on executive loan summary “ I won’t be investing any of my own capital and I won’t sign a personal guarantee.
2. A “Business Plan” entitled “Sample Business Plan” with contents describing a mythical company that has nothing to do with the company requesting the loan.
1. Borrower resume that shows “Federal Prison” for 3 1/2 years and “Mortgage Fraud” as the explanation.
As I always say, you just can’t make this stuff up!
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