In a previous business of mine, we had a lot of clients that were real estate investors. They came to us looking for credit so they could put money down on their next property or have some working capital for their current projects. It became very apparent real quickly that most of them were “spending [...]
What happens when you go to the bank down the street and ask for a business loan or line of credit? Chances are they will sit you down, help you complete an application, PULL YOUR CREDIT, and then either approve you on the spot or say, “It’s under review. You should have a decision in [...]
Banks don’t have concrete loan policies. Banks do have some general lending guidelines but they change frequently based on a number of factors. One factor is the past performance of loans. If a bank has been burned by a large percentage of their clients on certain loan products, they will either tighten [...]
