Sentences with phrase «business loan delinquencies»

Not exact matches

But rising delinquencies have made it harder to raise funds for fresh loans, prompting the sector to review its business model, which tends to attract borrowers with low credit quality.

Most SBA loans require that the company has been active for 2 + years, business and / or personal collateral, a personal credit score of 680 + and adequate business credit, no outstanding delinquencies or defaults reporting on business or personal credit, and usually a down payment on the loan.

Todd Nelson, Director of Business Development at Lightstream says, «To qualify for a LightStream loan, a consumer must have good to excellent credit, which includes several years of credit history, demonstrating the ability to pay their bills on time without delinquency.

According to Peter Turek, the vice president of TransUnion's financial services business unit, the number of automobile loan delinquencies have fallen because if the increase in the demand for cars whether they are used or not.

Developed new sources of business, provided knowledge and expertise to employees regarding loan and insurance products, credit and delinquency decisions, difficult account problems, and servicing accounts.