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| *Loan,banking and credit>>>business credit |
Can you get a business loan without having credit? |
Can you get a business loan without having credit? I hope you're talking about an existing business that has been doing well. I'm a commercial loan underwriter. It's ok if you don't have any credit personally. What banks look for is if the business cash flowed in the last a few years, if there's sufficient collateral (real estate preferred), and if you have any net worth and liquid assets (cash, stocks, cash value life insurance). if you dream lon enough I would say chances are good in you have been in business for a while, have a good p & l. You will have to show the lender how you will repay the loan. |
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