How to Underwrite a Business Loan?

how to underwrite a business loan?

The lenders use several factors to determine the amount of debt that your business is able to repay. In the process of underwriting business loans, both human expertise and technology are used. Cash flow, your credit score, cash on hand, revenue, profit, current debt, and the amount of loan requested are important factors in determining … Read more

What Happens To Small Business Loan If Business Fails?

What Happens To Small Business Loan If Business Fails?

Being your own boss has been the most lucrative working option from the past to the present, especially due to the Covid-19 pandemic and will possibly continue to be in the future. Freedom is the key point of interest here. But is that really true? According to “successful” people, yes. Self-employment or owning a business … Read more

What Happens to PPP Loan if Business is Sold?

What Happens to PPP Loan if Business is Sold

What is a change of ownership? According to the SBA, a change of ownership occurs when: One or more transactions in which a third party or affiliate of the borrower obtains 20% or more of the ownership interest; In one or more transactions, a transfer of 50 per cent or more of the borrower’s assets; … Read more