$185K for a med-spa expansion, the third lender said yes
Camille's first two applications came back as soft no's with no real reason. The file looked thin from the outside. From the inside, she had two and a half years of growth and zero documented capital position.
Camille's med-spa had grown from one esthetician to four in 30 months, with a profitable monthly P&L and a clean tax return for the prior year. The growth was real. The capital story behind it had never been documented.
Her personal profile was strong (738 mid-FICO). The business profile was thin: one trade line, one bank account, and a single small loan from a family member that had never been formalized.
The first two lenders flagged 'limited business bureau history' as the soft decline reason.
The platform deepened the business profile before the next application, formalized the family loan into a real promissory note (so it would stop reading as an unexplained deposit), and rebuilt the funding packet to lead with the operating history a generalist would actually be willing to read.
- 01Opened 3 reported business trade lines (medical supplier, software vendor, fuel card) over 60 days
- 02Formalized the prior family loan into a written promissory note with payment history attached
- 03Reconciled the LLC name and address across the bureaus, the bank, and the secretary of state
- 04Built a funding packet leading with revenue growth and customer retention data, not capital structure
- 05Submitted to a med-spa-friendly specialty lender third, after two generalist declines
“The two no's were the same no. The third lender just got a different file.”