No Loan, No Problem, Not Really
The loan officer was finally back from who knows where, he sat down on
his comfortable chair, reshuffle some paperwork looked at me and told me
that I had been turned down for the car loan. Ohh noooo. . . .
At the time, I thought I had so many things riding on that loan. My
family had come down to see me graduate. And I was going to give them a ride
back on my new car. My very first loan to purchase my very first car.
I remember thinking "that loan officer had it against me." Why wouldn't
he give me the money to buy my car?? Aren't banks supposed to lend
money??
Several years later, a couple of mortgages and couple of business
degrees I believe I am beginning to understand! That loan officer back
then had to take care of a few details before actually approving my
loan.
by today standards i probably won't be approve today either.
did nto had it against me he was just doign his job.
Looking back, of course, it was really not a big deal. But it is a very
big deal when a business owner, and specially a small business owner,
gets decline by the loan officer.
Chances are the purpose of the loan is to keep the business going in
some form or another; loan against receivables, payroll, etc.
We at Insight-Finance will make every effort to get your loans approved.
BUSINESS LOANS.
Business loans from as
low as $100,000 and up for practical projects.
Additional financing
maybe arranged for venture capital loans.
Typical uses for business loans are . .
.
Ø
Working
Capital
Ø
Lines of
Credit
Ø
Inventory
& Equipment Accounts Receivable
Ø
Expansion
Leasing
Allow us the
opportunity to search for the most appropriate lender for your loan.
Please fill the
pre-approval business loan form under the ‘Business Loans’ title or
click here.
When thinking about borrowing from a bank go visit and interview several
bank officers and you'll find out that the takes its cues from whatever
the owner want to accomplish. If the overall experience of the bank
individuals are most experience in ranching they.
Which leads me to what the financial institutions and the SBA calls . .
. The Five C's of credit.
The Five C's of credit.
The five C's of credit are Character, Collateral, Capacity, Capital, and
Conditions.
