When applying for a commercial loan, one of the things that you will certainly have to submit is your bank statements. Why? Bank...
The Reason a Lender Needs to See Bank Statements
read more
18 Business Loan Requirements
18 Business Loan Requirements – (EIN)
When applying for a business loan product, whether through a more traditional lender or an alternative lending source, your...
18 Business Loan Requirements – Time in Business
17 – Time in Business Loan RequirementsWhy does it matter how long I have been in business, you might be asking. It goes to the...
18 Business Loan Requirements – Business Plan
16 - Business PlanNot every lender is going to require you to submit a comprehensive business plan; however, that is not to say...
18 Business Loan Requirements – Business Credit Score
15 - Business Credit ScoreDifferent from a personal credit score, your business credit score is focused on precisely what—your...
18 Business Loan Requirements – The Loan Amount
18 Business Loan Requirements 14 - Loan AmountSo you have decided that you need a business loan, now you need to figure out the...
18 Business Loan Requirements – Loan Purpose
18 Business Loan Requirements 13 - Loan PurposeWhy are you trying to get a business loan? This is a pretty basic question and...
18 Business Loan Requirements – Proof of Collateral
12 - Proof of CollateralWhen applying for a business loan, most often traditional lenders will want to see that you have...
18 Business Loan Requirements – Business Financials (Profit and Loss Statements, Balance Sheets And Bank Statements)
11 - Business Financials (Profit and Loss Statements, Balance Sheets And Bank Statements)With profit and loss statements,...
18 Business Loan Requirements – Personal Credit Score
10 - Personal Credit ScoreYes, when applying for a business loan product, your credit score will come into play. Lenders want to...