{"id":13015,"date":"2016-10-17T09:27:36","date_gmt":"2016-10-17T14:27:36","guid":{"rendered":"http:\/\/sfwpartners.com\/?p=13015"},"modified":"2016-10-17T09:27:36","modified_gmt":"2016-10-17T14:27:36","slug":"when-considering-a-loan-request-what-do-banks-look-for","status":"publish","type":"post","link":"https:\/\/www.sfw.cpa\/news-and-guides\/when-considering-a-loan-request-what-do-banks-look-for\/","title":{"rendered":"When considering a loan request, what do banks look for?"},"content":{"rendered":"<div class=\"details\">\n<p>The bank official who reviews the loan request is focused on repayment. Most loan officers request a copy of your business credit report to determine your ability to repay.<\/p>\n<p>The lending officer will consider the following issues while using the information you provided and the credit report:<\/p>\n<ul>\n<li>Have you invested at least 25% or 50% of savings or personal equity into the business for the loan you are requesting? (Keep in mind that 100% of your business will not be financed by an investor.)<\/li>\n<li>Do your work history, your credit report and letters of recommendation show a healthy record of credit worthiness? This is a key factor.<\/li>\n<li>Do you have the training and experience necessary to operate a successful business?<\/li>\n<li>Do your loan proposal and business plan document your knowledge of and dedication to the success of the business?<\/li>\n<li>Is the cash flow of the business sufficient to make the monthly payments on the requested loan?<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The bank official who reviews the loan request is focused on repayment. Most loan officers request a copy of your business credit report to determine your ability to repay. The lending officer will consider the following issues while using the information you provided and the credit report: Have you invested at least 25% or 50% [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-13015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking"],"_links":{"self":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/13015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/comments?post=13015"}],"version-history":[{"count":0,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/13015\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/media?parent=13015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/categories?post=13015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/tags?post=13015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}