# How it works, from your documents to funded

Source: https://businessloanbroker.ai/how-it-works/
Site: BusinessLoanBroker.ai (powered by Levr)

> Upload your documents, the application fills itself, lenders in every category are matched, you approve the submission, and offers come back in one place. Free for your business.

You share your documents once. The application reads them and fills itself, shows you what is missing, checks your file against lenders in every category, and sends it only where you approve. Offers come back in one place. It costs your business nothing; lenders pay us when a loan funds.

## Key facts
- **Your time:** About 20 to 40 minutes when documents are ready
- **Cost to you:** None, ever
- **Who sees your file:** Only the lenders you approve
- **Credit impact to check options:** None. Lenders may run an inquiry at offer stage and will tell you first
- **Where to do it:** On this site, or through your AI assistant

## Step 1. Share your documents

Most lenders decide from the same few documents: three to six months of business bank statements, your last two years of business tax returns, and a year to date profit and loss. Upload them on the site, or hand them to your AI assistant if it is connected to our [MCP server](https://businessloanbroker.ai/agents/mcp/). The full list, including the extras for equipment, acquisitions and SBA loans, is in [what you will need](https://businessloanbroker.ai/apply/what-you-need/).

## Step 2. The application fills itself

The application reads your documents and proposes answers: revenue, deposits, balances, existing debt payments, ownership. You review each one, fix anything that is off, and answer the few questions a document cannot. This is the part that used to take an afternoon per lender. Here it happens once.

## Step 3. See what is missing before anyone else does

A readiness check tells you exactly which items are still needed and why, so you are not stuck in email back and forth with a lender over a missing month of statements. You can run matching while you find the last items.

## Step 4. Match against lenders in every category

Your file is checked against the criteria of lenders across SBA, term loans, lines of credit, equipment, invoice factoring, merchant cash advance, revenue based financing, commercial real estate and more. You see which lenders fit, the product, an indicative amount and typical cost, and why they matched. You also see what did not match and what would change that. Start with [every loan type explained](https://businessloanbroker.ai/business-loans/) if you are not sure what you want.

## Step 5. You choose where it goes

Nothing is sent without your approval. Pick two or three lenders, or more for an unusual file. Each selected lender sees the same complete application, which is why decisions come back faster than with piecemeal applications.

## Step 6. Offers come back in one place

Lenders review, may ask a follow up question or two, and send terms. You compare them side by side: total cost of capital, payment and cadence, term, fees, prepayment terms and guarantees. Our [term sheet guide](https://businessloanbroker.ai/guides/how-to-read-a-term-sheet/) explains each line. Timing depends on the product; see [how long it takes](https://businessloanbroker.ai/guides/how-long-it-takes/).

## Step 7. Sign and fund

You sign with the lender you choose and they fund your account. We are paid by the lender at that point, the same amount whichever lender you picked, so we have no reason to steer you. Read [how we make money](https://businessloanbroker.ai/how-we-make-money/).

| Step | You | The platform or your assistant | Lenders |
|---|---|---|---|
| Documents | Upload or share | Reads and tags them | Not involved yet |
| Application | Review the answers | Fills from documents | Not involved yet |
| Readiness | Supply missing items | Lists exactly what is missing | Not involved yet |
| Matching | Read the results | Checks every lender's criteria | Not involved yet |
| Submission | Approve the lenders | Sends the complete file | Receive it |
| Offers | Compare and choose | Shows terms side by side | Underwrite and offer |
| Funding | Sign | Paid by the lender | Fund your account |

## Questions and answers
**Do I have to use an AI assistant?**

No. The site does everything described here on its own. The AI assistant path is for owners who already use Claude, ChatGPT, Gemini or Grok and would rather hand the work over in a chat.

**Will I talk to a person?**

You can. Support is available throughout and you can ask for a call before submitting. It never gates your progress.

**What if no lender matches?**

You will see why, and what would change it: usually time in business, recent NSFs, or an undisclosed debt. The situation guides, like [when the bank says no](https://businessloanbroker.ai/situations/bank-said-no/), cover the fixes.

**Can I apply for more than one product?**

Yes. One file can be matched against several products at once, for example a term loan and a line of credit, and you can submit to both.

## Related
- [Apply for a business loan](https://businessloanbroker.ai/apply/)
- [What you will need to apply](https://businessloanbroker.ai/apply/what-you-need/)
- [How to get a business loan](https://businessloanbroker.ai/guides/how-to-get-a-business-loan/)
- [What happens after you submit a business loan application](https://businessloanbroker.ai/guides/what-happens-after-you-submit/)
- [Get a business a loan from any AI agent](https://businessloanbroker.ai/agents/)

## Apply
Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-how-it-works
MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)