The eligibility criteria for business loans vary with so many different lenders and products on the market.

The eligibility criteria for business loans vary with so many different lenders and products on the market.

Within an initial consultation, be prepared to be inquired about:

Turnover and revenue
Bank statements
Filed records
Loan amount vs. Return
Trading history
Re re re Payment history ( e.g. CCJs, belated re payments)

While you will find no set ‘standard’ requirements for loans, there are some fundamental facets that many loan providers have a look at whenever evaluating your company. Below are a few recommendations to note before you make an application for a loan:

The mortgage quantity is not as much as 25% of one’s […] Read more