The Various Acceptable Collaterals by Financial Institutions

Even the best business idea cannot fully succeed without adequate capital; otherwise, how will the idea be implemented? For a business to succeed it needs to grow; and for growth to take place sufficient money must be put into the business. Sometimes getting sufficient money for your business might mean the necessity of collateral. The […]

What Credit Officers Look For Before Appraising A Loan

Lenders assess a person’s credit risk based on a number of factors, including your credit and/or payment history, income and overall financial situation. Here is some additional information to help explain these factors, also known as the “5 C’s”, to help you better understand what lenders look for when appraising such a loan:   Character: […]