IMPROVE YOUR CREDIT SCORE Lenders will use your credit score, debt to income ratio, and payment history to assess your ability to not only make your loan payments, but to do so in a timely manner as well. A low credit score will get you a high interest rate. Stay on top of your credit...
Equipment loans are used to finance heavy equipment such as cranes, lift devices, and towing equipment. Medical equipment for dentists, veterinarians, and medical clinics also fall under this category. The lender will use the equipment as collateral. The loan terms vary but are usually financed based on the expected life of the equipment. A factor...
1. Create a business plan You will need to create a detailed business plan for the lender. This should be the first step before you shop for loans. Without a business plan, a lender may not even review your application. Below are the key items we suggest you include: Executive Summary: An executive summary should...
Large business loans use to be difficult to find, and the criteria was very strict. However, with their increasing popularity in the past few years, there are many more options to choose from. In fact, last year Business News Daily rounded up business trends and predictions for 2017, and many experts agreed the economy and...
