Sentences with phrase «debt service coverage before»
Insufficient Debt Service Coverage Loans: Most banks require a certain percentage of debt service coverage before they will approve a loan for a commercial property.
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When taking out a new loan, you should calculate your business's debt service coverage ratio with all current debt obligations and the new loan before approaching your lender.
Lenders may also want to see a business's debt service coverage ratio from the past few years and projections for the next few years before approving a loan.