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Loan Application Guide

Understand each step, from prequalification through underwriting and closing, plus what to prepare to move faster with fewer back-and-forths.

Our process combines technology with an experienced, responsive team, so you get speed and clarity without losing real human support. You’ll see continued enhancements over time (more automation, more self-serve tools), but the fundamentals stay the same: clear inputs, fast review, and a dedicated team.

Step 1: Prequalification

We start with a short set of questions to understand you, your experience, and your goals. This helps us guide structure and next steps efficiently.

Step 2: Project / loan application

You’ll provide the core details of your project and loan request, including property information, timeline, plan, and key borrower/entity details.

Step 3: Upload documents

Uploading early helps us move multiple workstreams in parallel. Typical items may include:

  • Government ID for principals/guarantors

  • Entity documents (formation docs, operating agreement, EIN)

  • Experience summary (projects completed, roles)

  • Liquidity documentation (as requested)

  • Project information (scope, budget, photos if available)

As a reminder, your first project with Upright Lending is usually the most document-heavy, because we’re getting to know you, your entity, and how you operate. The good news: we keep that foundation, so future deals are faster and smoother with no repeat requests. And you’ll continue working with the same dedicated team, so each project gets easier as we build momentum together.

Step 4: Budget & scope of work

If your loan includes rehab/construction funds, you’ll provide an itemized scope/budget that aligns to draw categories. This will continue to become easier and more integrated over time, but the goal remains the same: clarity, speed, and clean tracking.

Step 5: Review, underwriting, and approval

We review the deal, verify inputs, and finalize structure. We then share this with you and your team. You will receive an email when the terms are finalized, so you can execute, pay your diligence deposit and proceed. If we need anything else, we’ll tell you exactly what and why, so you can keep momentum.

Step 6: Closing coordination

We coordinate final items (title/insurance/closing logistics) and keep you updated through the finish line.