Apr
13
2009
When you are applying for a business loan do you have to have really good credit?
Author: Wade Henderson
Marilu H asked:
Do the banks only base your business loan on your credit and how good it is or does it matter???
For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.
Do the banks only base your business loan on your credit and how good it is or does it matter???
For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.
For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.
they base it on credit and quality of the idea for the business and your rates will be much higher with crappy credit
For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.
Well usually your personal situation is a fairly good indicator of your future business performance, financially speaking.
You will need personal history for the extension of business credit. Even if your credit is less-than sterling it helps to have healthy cash depsit accounts, collateral (realty, stock, bonds, equipment). It’s also great if you have your accounts in good current standing, like no outrageously overdue credit cards. You may not get a perfect loan right way (higher interest) but with good repayment performance, it will come.
For Commercial Finance Loans – Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.
These days you “just” have to be a conserfative. Cause just about everyone else is a “de@dbeat dad” and unable to get any loan, making for supply being greater to those left “eligible”, just like gas prices…cause that fell when “we sane few million” were excluded from all economic and transportation issues, didn’t it?
No? Oh that’s right, you forgot the Communist Chinese that you sold out to only consider themselves worthy of a US loan…your “unjust” not conserfative enough…for them, and you never will be…