Take Control of the 5 C’s of Credit Before You Borrow – Capital Sources
RELATED ARTICLE: BUDGET PLANNING ADVICE FOR NEW BUSINESS OWNERSWhat Are the Five Cs of Credit?
Lenders may evaluate these categories to determine if you qualify for an installment loan, cash advance, or business line of credit.
For personal loans, you may have to share employment information and your debt-to-income ratio.
This is why both business and personal loan lenders may ask for references when you apply.
Your business or personal credit report reveals your past borrowing habits, including whether you pay on time.
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