2006-07-12 10:46:15 · 4 answers · asked by Anonymous in Business & Finance ➔ Small Business
I hope you're talking about an existing business that has been doing well. I'm a commercial loan underwriter. It's ok if you don't have any credit personally. What banks look for is if the business cash flowed in the last a few years, if there's sufficient collateral (real estate preferred), and if you have any net worth and liquid assets (cash, stocks, cash value life insurance).
2006-07-12 13:06:54 · answer #1 · answered by guj1982 2 · 0⤊ 0⤋
You will have to show the lender how you will repay the loan.
2006-07-12 19:16:50 · answer #2 · answered by insuranceguytx 5 · 0⤊ 0⤋
I would say chances are good in you have been in business for a while, have a good p & l.
2006-07-12 17:58:38 · answer #3 · answered by The Advocate 4 · 0⤊ 0⤋
if you dream lon enough
2006-07-12 17:57:24 · answer #4 · answered by glenn b 2 · 0⤊ 0⤋