Credit Scores, Cash Flow And Collateral: Upping The Odds On Your Business's First Bank Loan
How do you more The Elevation Group make money? Who are your clients and how do they pay you? As long as that can be expressedand frankly a lot of high tech businesses cant do thatthats really all they need to make a decision. Officially, the SBA says that the absence of collateral should not be justification for declination of a loan application, which is meant to give consideration to low-income entrepreneurs. That said, owning assets that can serve as collateral for an SBA loan will only help you.