subject: How Lenders Look At Personal Credit When Applying For A Business Loan [print this page] Are you considering lending money for your small business? Heres the crystal maze to observe.
Lenders Criteria For A Business Loan
Before lenders will grant a business loan, , they need to ensure that the loan will be repaid. When deciding whether or not to issue you a loan, lenders may look at gross annual sales or revenues, checking account balances, profitability and the length of time you have been in business. If your small business is relatively new, the lender may ask to see a business plan.
A lender will review your personal credit history especially if your company doesnt have a track record producing revenue. Here are some details your traditional lender will review
Personal credit card debt
Personal loans
Liquid assets
Real estate holding
Tax returns
Personal financial statement
Credit history
Cash flow history and projection for the business
Information about any collateral that might be available
Business financial statement
Walk Your Way Through The Laborious Business Loan
Choose Merchant Advisors and out smart every lender with great lending opportunities to small business owners with quick capital for business. Fast approval, less scrupulous requirements, no closing costs or fee.
Feel The Difference
90% merchant loans approval rate
Get approval in 48 hours
Funds deposited in your bank within 5 to 7 days.
Repayment schedule that does not consume your daily cash flow
No collateral
No application or closing fees
Poor credit ok
Interests may be tax deductible which lowers your net-effective rate
Well take 2nd(subordinate) position layer our business loan over your existing loan
Easy application, Minimal requirements
Drive Your Way Through To A Successful Business Loan
Let Merchant Advisors surpass every lenders lengthy requirements and bring you quick money for your business without the long list of traditional lending
.
Go tohttp://www.onlinecheck.com Or call us at (800)-870-7622
Get on drivers seat and take control of your lending.
