Preparing for Underwriting

Underwriting is the review of the business, property, equipment, documentation, and other transaction information relevant to a financing request. The exact review depends on the financing path and provider.

Start with accurate, current information

Provide information that reflects the business and transaction as they exist now. If a document or obligation has changed, use the current version when available.

Make the financing objective clear

• What the financing is intended to accomplish
• The approximate amount under discussion
• Relevant equipment or property
• Preferred transaction timing
• Existing obligations that are directly relevant to the request

Match documents to the financing path

Documentation varies by program. Meridian’s published pages identify specific starting documents only where approved.

• Business Line of Credit: one year of tax returns and three months of bank statements
• Equipment discussions: equipment description, quote or invoice, seller information, and existing obligation or lien information when relevant
• Commercial investment property: rent roll, P&L, and personal financial statement
• Ground-up construction: experience worksheet, scope of work, personal financial statement, and pro forma / exit strategy

Respond to follow-up requests

A reviewer may request clarification or additional documentation after the initial review. Responding with complete, consistent information helps keep the transaction discussion organized.

Do not treat preparation as approval

Providing information or satisfying a published baseline does not guarantee approval or final terms.

Availability, eligibility, structures, costs, and timing depend on the transaction, provider review, documentation, program availability, and applicable terms.