Questions Lenders Will Ask

By: Micah0 comments

As a liaison to hundreds of clients, my first question is always the following:

What can we leverage?

We always therefore want to know:

– What’s your industry?
– Is there any collateral?  Do you even know what there is to collateralize?
– What’s your FICO?
– What type and amounts of debt do you currently have?
– Are your bank statements healthy?
– Who are you billing?

There are types of clients who don’t even know how qualified they really are!  Just about anything from equity in a house to a personal guarantee or Accounts Receivables can be used as collateral (with or without factoring), many just don’t even know it.

Related post

Leave A Comment