When applying for a business loan, you’ll need to put together a package of information addressed to the prospective lender that will clearly set forth the exact loan proposal that you require. Put succinctly, your proposal should tell the lender the purpose of the needed financing, the justification for the funds, and the structure of [...]

Sometimes a lender just says no. There may be times when a favorable business loan transaction simply isn’t in the cards. Despite how positive the discussions may have been, how upbeat the loan officer was about the borrower’s prospects for the loan, or how much the lender might have actually wanted to say yes, the [...]

Although there are likely far more honest lenders around than dishonest ones, there are certainly more than enough unscrupulous individuals and companies vying for your business. It’s therefore wise and prudent to be aware of the common tactics of predatory lenders, so that you won’t fall victim to their trappings. The subprime market is an [...]

Small-business borrowers can frequently become frustrated with lenders who, at best, seem disinterested in considering a loan proposal or with the lengthy amount of time that it takes to navigate through the application process. Borrowers may also become annoyed at the conservative approach that lenders typically utilize to underwrite business loans. These situations are very [...]

Whenever a business loan request is submitted, the lender must evaluate the borrower’s ability to repay the loan with funds generated by the business. This analysis is fundamental to the lender’s decision on whether to grant credit. But this evaluation process does not start when the lender peruses and assimilates all the documentation that’s included [...]