|
|
Questions to Ask Yourself
-
Are you and your business credit worthy?
-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.
|
