Business Loans
What a Personal Guarantee Actually Bets on You
I signed my first personal guarantee without reading past the first paragraph, because the loan officer described it as...
Former underwriter and lending writer, page 10 of 11
Marcus spent over a decade underwriting small business loans for a regional bank before he started writing about the process from the other side of the desk. He explains what a lender is actually looking at, not what a broker says they want to hear.
Business Loans
I signed my first personal guarantee without reading past the first paragraph, because the loan officer described it as...
Business Loans
An applicant once told me she had submitted to eleven lenders in a single week, on the theory that more attempts meant better...
Funding Readiness
The applications I approved fastest during my underwriting years almost never had the strongest numbers on paper.
Alternative Funding
A supplier once explained invoice factoring to me as "getting paid early for a fee," which is technically accurate and almost...
Business Loans
A business owner told me last month that she had been quoted an SBA loan at a lower rate than a conventional term loan and...
Business Loans
I spent eleven years underwriting small business loans, and the question I got asked most by applicants was some version of...