Not exact matches
Understanding a lender's minimum requirements will help you narrow
down the
financing options that your
business will likely qualify for.
Banks want to continuously make money through an interest rate spread, and offering a no
financing contingency
option helps them win
business, especially with the refinancing market
down over 75 % YoY.
Combine this with the fact that once you do secure your
business loan, you will need to provide at least 20 percent cash
down, and it's no wonder that many prospective small
business owners don't even consider SBA loans as a viable
financing option.
Understanding a lender's minimum requirements will help you narrow
down the
financing options that your
business will likely qualify for.
Further, «while affordable programs allowing a 10 percent
down payment are available and provide an attractive
option to prospective home buyers, it's important to consider other factors, like private mortgage insurance, which can play a significant role in the overall cost of a home,» says Carrie Niess,
business analyst at American
Financing.