Lenders need your business history for loan applications to understand its background, growth, and operations. If your revenue dropped compared to last year, explain why—was it due to hiring, new technology expenses, or operational changes? This helps underwriters assess your business.
Submit your history using our E-document form by uploading a completed PDF, which should include:
Founding date: When and why the business started.
Key milestones: Major achievements like expansions or product launches.
Products/services: What you offer and how it benefits customers.
Target market: The customers you serve.
This gives lenders a clear picture of your business's journey and potential.