How do banks decide whether they’ll give you a business loan?
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sumner
Apprentice
Joined: 13 Apr 2004
Posts: 7
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 Posted: 10/28/08 - 06:20 Post subject: |
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| I have recently been thinking about getting a loan. It seems to me that the best way to buy a house is such a solution. However, I would like to know how do banks decide whether they’ll give you a business loan with. Such an information could help me a lot, so if anyone could tell me, I would be grateful. |
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carter
Apprentice
Joined: 24 Apr 2005
Posts: 2
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| Posted: 11/29/08 - 02:27 Post subject: |
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| Taking a loan is great, as it is one very flexible type of loan and the calculations related to it are relatively easy. It is very common for buying domestic properties, too. In any case, loans represent risk for both you and the lender whose money is on the line. If you have a good credit history you will be considered less as a liability. However, with business investment, the things are harder, as the bank will assess the projections of your success and decide whether your business plans are sustainable. Hope you find the info helpful. |
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