Sentences with phrase «small business borrowers who»

Not exact matches

Owners of less - successful small businesses will find bank loans tough to get because they are the marginal borrowers who are often unable to get loans when credit is scarce.

With all the small business loan options available to a business owner today, a term loan could be a good fit for borrowers who meet the banks» criteria because a term loan at the bank will often include the lowest interest rates.

Borrowers who might be looking for a $ 3,000 or $ 5,000 loan might be pushed into a credit card account for these smaller loan amounts at the local bank, however that very small loan amount in the right hands has the potential to create jobs, build a business, and strengthen a community.

Today, banks don't typically want to deal with the smaller loan amounts (even for creditworthy borrowers), and in some circumstances many micro lenders are willing to work with startups the bank would shy away from, as well as small business owners who just don't meet the rigid lending criteria of a bank.

Most of WeLab's borrowers are individuals and small businesses who don't have enough established credit to take out loans from traditional banks at a low interest rate and typically rely on friends and family or microloan programs instead.

With all the small business loan options available to a business owner today, a term loan could be a good fit for borrowers who meet the banks» criteria because a term loan at the bank will often include the lowest interest rates.

This act protects potential borrowers who are looking for a small loan from getting bamboozled by lenders with deceptive business tactics.

Not every P2P lender deals with small business loans, and many won't accept borrowers below a certain credit score; the ones who do may also impose high interest rates, so prepare yourself for the potential cost if you're early in your business career and in need of financing.

I spoke to a loan officer at a smaller bank recently who said that most of his business these days is from «BofA turn - downs» (i.e., borrowers who have been rejected by Bank of America.)

Not every P2P lender deals with small business loans, and many won't accept borrowers below a certain credit score; the ones who do may also impose high interest rates, so prepare yourself for the potential cost if you're early in your business career and in need of financing.

There are a number of key reasons for this requirement, and a number of key considerations to be made by borrowers who own a small business.