When the time comes to meet with a bank to consider whether or not you are eligible for a loan, there are five key factors that the bank will take into account in the process. These key factors are known as the 5 Cs of Credit and include Capital, Condition, Capacity, Collateral, and Character. Each… Read more »
Category: Small Business Loans
Small Business Lending Questions and Answers
Here are some common questions that small business owners ask when preparing to find financing for their company: Q: What documents will I need when applying for the loan? A: Different lenders and types of financing may require slightly different documentation, but you’ll find the list is largely the same. According to the U.S. Small… Read more »
Winning Over Lenders by Being Prepared: What You Need as a Small Business Owner
Getting a small business loan can be a challenging task when presenting a valid case for lending. So what information and paperwork are you going to need when applying to a lender in hopes that they will not only set you up with a loan, but will also get you a favorable one? First, be… Read more »