dannylisaj
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| Credit further inquiry |
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What do banking institutions look for as far as offering credit such as for a business expansion?
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Sat Mar 24, 2012 9:11 pm |
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payment proof
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I would think they'd look at past earning records and the profitability of the business before issuing a loan for business expansion.
See Proof. You can make free money online.
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Tue Mar 27, 2012 4:47 am |
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reetkhan
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Location: Delhi
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| Perfect original date with full services like you |
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hi ...............
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Tue Mar 27, 2012 9:40 am |
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eastmn
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SBA loans are guaranteed to the bank by the Federal Government.
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Tue Mar 27, 2012 12:16 pm |
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dannylisaj
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I understand that SBA loans are guaranteed to the bank. So why do the banks give reasons why they cant loan? I have a business plan that has been reviewed by numerous ppl. If the loans are guaranteed why the hesitation by the banking institutions?
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Tue Mar 27, 2012 1:28 pm |
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eastmn
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I went through my local State Gov Chamber of Commerce's SCORE office which is retired local businessmen coaching new and existing local business and expansion. SCORE office sent me to a specific bank buddy of his, where it had already been arranged. The trick was simply "Networking" (pulling strings), all the way through.
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Tue Mar 27, 2012 3:20 pm |
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anneyy
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quote:
Originally posted by dannylisaj
I understand that SBA loans are guaranteed to the bank. So why do the banks give reasons why they cant loan? I have a business plan that has been reviewed by numerous ppl. If the loans are guaranteed why the hesitation by the banking institutions?
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Wed Mar 28, 2012 3:33 am |
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Wino
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quote:
Originally posted by dannylisaj
If the loans are guaranteed why the hesitation by the banking institutions?
Because it still costs the bank money, time, and effort (the latter two of which are also "money") to get the loan paid off even with the guarantee. The bank loans money with the expectation that the loan will be paid back within the contract terms. Apparently, your plan is not convincing the banks' loan officers that the loan will be paid back.
I agree that you should meet with the Service Corps Of Retired Executives (SCORE), which is a non-profit organization staffed by volunteers often with many years of experience. They can look at your plan with an educated eye and let you know what you might change to improve your chances to get the financing.
You may want to try to find a venture capitalist who might want to gamble on your idea, dedication, and integrity.
Wino
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Mon Aug 13, 2012 10:03 am |
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samjak
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| what the best way to earn someting online |
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if we want to do something extra buisness it there any idea to earn online
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Fri Sep 07, 2012 10:11 am |
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patsyruss
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Location: canada
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Soft inquiries, as mentioned, have no impact on your credit score. Hard inquiries typically will lower your score between 1 point and 5 points. Credit repair efforts revolve around your credit scores, and it is handy to know that the FICO scoring model considers everything on your report simultaneously.
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Mon Oct 08, 2012 9:14 pm |
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