To begin our underwriting process, please complete the application and submit documents via the secure upload.
Allow 1-2 days to process, review, and underwrite (UW). Your point of contact will reach out to request any missing items, or to schedule a call with one of our underwriters. Thank you for your interest in Capital Desk and we look forward to assisting you with your capital raising needs.
1-2 days, maximum. Depends on the influx of applications we receive on any given day or week.
Soft pull only, which doesn’t appear on your credit score.
Once you apply, and we’ve had a chance to dive in, we set up an underwriting call. In this call we stress test the opportunity, ask questions we know will come up in underwriting, and discuss possible structure, terms, and timing.
Real basica financial information, so we can do a full assessment. Those docs include: prior year and year-to-date financial statements, most recently filed tax return, AR Aging and AP Aging reports (as applicable), your Full Debt Schedule, and 12 months of business checking statements.
At some point we will have to verify your ownership. That can come in the form of the tax return, cap table, operating or shareholder agreement, etc. If you are less than 51% owner, we will need proof that you are authorized to take on a transaction with the Capital Desk. That can come in the form of a board resolution, or clause in the shareholder/operating agreement, or job description (i.e. CEO is authorized).
For sales based financing transactions, 1-3 days from accepting the offer. For asset based financing, 5-15 business days.
After our underwriting call, we get offers within 1-2 days after that for sales based deals. For asset based deals, it may take a bit longer to get to term sheet.