SubscribeChris Bjorkland of the D&B online resource AllBusiness.com asked me some great questions that your borrowers are wondering about.
- Pass this podcast along to your business referral sources. Put it in a blog post or add it to your site with resources for business. It will help business owner/managers understand what lenders are looking for...and what clues they are giving in the tax returns and in 'casual' conversation.
- Give it a listen if you'd like a quick reminder yourself!
What Lenders Are Looking for in Business Loan Requests
Linda Keith, CPA, explains how lenders evaluate business borrowers by looking at character, capacity, capital, collateral, coverage and conditions, which are also known as the "Six Cs of Credit."Allbusiness.com is an overall resource aimed at small and medium size business owners and managers. What other resources are you recommending to your business borrowers? Books? Blogs? Podcasts?
(An interview by Chris Bjorkland of AllBusiness.com)
1 Comments
Posted by Stacie Clifford Kitts
Linda
This is a great Post!. I am definitely going to reference it at my blog. The proper funding has always been crucial for the successful business. However, in the current climate, following the wrong funding path could be fatal for the small business owner. Knowing what lenders are looking for is something every business owner should know!
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