Ask Yourself These Questions
- Are you and your business credit worthy for a commercial loan?
-Your personal and business credit ratings will be analyzed.
- What kind of money do you require?
-Short, long, intermediate term money or equity capital.
- How much money do your need?
-Present exactly what you need and what it is for.
- Do you have sufficient collateral?
-Your collateral must equal the loan amount at a minimum.
- What are the Lender's rules?
-Ask about Loan to Value's and Debt Coverage Ratios.
- What kinds of limitations will be set by you?
-Know your comfort level with rate, payment, and term.
