People and things
There are certain rules in place that affect how conventional funding works.
Most of the time, people should get property financing even if they have enough money to buy a home outright.
In his book...
Let's face it: it's hard to get financing if you don't have a good track record or a good credit score. Banks and other financial institutions tend to stay away from people who don't have a good credit history because they are a risk and it costs...
People who run small businesses are often at the mercy of lenders when it comes to getting the money they need. Lenders think it's risky to give money to these business people. This is because most people think of small businesses as unstable....
Who do you call first when you own a business and need money? Your banker. Most owners think that if they need money, they have to get a loan or a line of credit. So, they will have to call their banker.
But this could be a mistake. Before...
To start your own small business, you don't need investors or a traditional business development bank loan. Small business financing could be possible if you own a home or have good enough credit to open revolving credit card accounts.
The...
You find out that your banker won't give you a business loan after weeks of answering questions, giving countless financial statements, and playing the "hurry up and wait" game.
What's next? Do you try again at a different bank? Possibly....
Good news for all borrowers in the UK... Now it's so much easier for them to get commercial business loans. Why? Commercial business financing loans are, of course, made especially for UK borrowers. If you live in the UK and want to borrow money...