Five places finance approval applications usually contradict themselves
Draft finance approval applications rarely fail because of a single dramatic error. They fail because page three disagrees with page seventeen.
1. Cover letter vs. income statement
The narrative claims “stable gross margin.” The monthly P&L shows a soft quarter without explanation. Readers notice. Add a short bridge or soften the claim.
2. Facility amount drift
The requested facility appears as one figure in the executive summary and another in the term sheet excerpt. Pick the figure you mean and search-replace the rest.
3. Entity name variants
Trading names, former names, and English transliterations of Korean companies wander across signature blocks. Align them to the corporate register extract you attach.
4. Guarantor address mismatches
ID copies, residence certificates, and the guarantor schedule must tell one address story. Committees treat mismatches as carelessness, not mystery.
5. Collateral labels vs. extracts
“Office unit in Gangnam” is not the same as the lot number on the registry extract. Labels should echo the extract language.
A short consistency check exists for teams that mainly need this pass. A Full File Audit goes further into credit narrative strength.