Tag: credit score

Personal information, and protecting it when applying to a business loan

Applying for a Business Loan? Make Sure Your Personal Information Is Protected.

  When applying for financing from either the Small Business Administration (SBA) or a traditional lender, the most convenient option is to apply online. In the early stage of the application, you do not need to provide any private information or documentation as long as you know your financial picture. Additionally, I do not recommend providing your personal phone…

Read More
The reason bankers care about your credit

Why Bankers Care So Much About Credit Scores

Credit is important to bankers because it tells the story of your financial habits and history. Essentially, your credit score records how you repay the money you have borrowed. It also describes what types of loans you have. Revolving loans are measured differently than installment loans. When you ask to borrow money, the banker needs to...
Read More