Five Keys of Loan Applications (Williams, Mark, 2019)

Transcribed Image Text: TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019)
What do you think are banks, lending institution and financing companies look for when
reviewing a loan application of prospective client borrower?
The most fundamental characteristics most prospective lenders will concentrate on include:
1. Credit history
2. Cash flow history and projections for the business
3. Collateral available to secure the loan
4. Character
5. Myriad pieces of loan documentation that includes business and personal financial
statements, income tax returns, a business plan and that essentially sums up and provides
evidence for the first four items listed.

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