Analyzing business revenue trends can help banks determine if a business has the income to make payments for the life of the loan.
Banks look at Business Debt Usage to assess if the amount of debt your business carries is appropriate for your business size and industry type.
Generally, small business lenders want to know the answers to a couple of important questions to learn more about your business.
Here’s a quiz to check your smarts about personal credit scores!
Business debt coverage is a key criteria SBA banks use in assessing the financial health of your small business.
SmartBiz Advisor™ is the first, AI-driven online education tool to make financial insights and analysis provided by a typical CFO available to small businesses at no cost.
Many entrepreneurs applying for an SBA loan don’t know how banks evaluate the financial health of their business. SmartBiz Loans set out to solve that problem and we’re empowering business owners through a new (and free!) online tool, SmartBiz Advisor.
Are you ready to grow your business with low-cost funds? If so, it’s imperative that you understand how banks look at your business during the loan application process.
The SmartBiz Loan Ready Score* Reveals Where You Stand
What do SmartBiz® bank partners look for when evaluating a loan application for an SBA or bank loan? One metric they’re interested in is your “Business Revenue Trend”.
Does your small business need working capital? Perhaps you want to refinance expensive debt. Maybe you’re in the position to purchase or refinance owner-occupied commercial real estate.
The debt your business owes is important, but more critical is how you manage revolving accounts like credit cards or lines of credit.