The facility is one of the first announced in 2018 by a balance
sheet business lender.
Not exact matches
When both
lender and borrower are
businesses, much of the evaluation relies on analyzing the borrower's balance
sheet, cash flow statements, inventory turnover rates, debt structure, management performance, and market conditions.
While they may feel like a liability to you as a
business owner, receivables serve as a form of hard collateral that a
lender ultimately views as an asset on your balance
sheet.
For
lenders, it will mean using technology to rethink data flows that can both leverage their balance
sheets and expand credit options for consumers and
businesses.
Lenders will also want to see a strong
business plan, which will normally include financial statements, such as balance
sheets and cash flow, and tax returns.
The OJK will also regulate the minimum capital requirement,
business model and other requirements for on - balance -
sheet fintech
lenders.
Beyond a statement of revenues within your
business plan, and a profit and loss statement,
lenders» applications may require a balance
sheet or cash flow statement.
Balance
sheets and cash flow statements provide
lenders a dynamic representation of whether your
business is growing and succeeding, or failing.
Lenders will also want to see a strong
business plan, which will normally include financial statements, such as balance
sheets and cash flow, and tax returns.
Beyond a statement of revenues within your
business plan, and a profit and loss statement,
lenders» applications may require a balance
sheet or cash flow statement.
Eligibility requirements will differ by
lender, but your
business's balance
sheet and amount of collateral will not be a significant consideration in the application process.
Qualifying mainly depends on your creditworthiness as a borrower and the viability of your
business, not your
business's balance
sheets or collateral; however, each
lender will have slightly different requirements (i.e., minimum credit score of 650 vs. a minimum credit score of 575).
Generally, commercial
lenders require certain qualifiers from an applicant borrower, including a pro forma statement, a
business plan, profit and loss statements, balance
sheets, a personal and / or
business resume, collateral and personal guarantee by the borrower.
Some
lenders will want to see your
business plan, complete with financial projections, profit and loss statements, a balance
sheet, and cash flow.
A secondary market should free up
lender balance
sheets so they can either enter the
business or - for those already lending on mobile homes - originate additional loans.