An effectively organized loan application reduces the time spent waiting for a response to a loan request. According to John Nelson III, SCORE counselor in Rhode Island and vice president of a major U.S. bank, "in about 80 percent of the cases, the formal request is not complete" (U.S. Small Business Administration, n.d.) What factor, or factors, in your opinion, contribute to this high percentage of incomplete loan packages? What strategies do you recommend to overcome each of the factors identified?