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Commercial
Lines of Credit
Loan Range: $100,000 to $300,000 |
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Minimum Criteria for Qualification
- In business for 5 or more years.
- No bankruptcy, material lawsuits or judgments against the company
or owners, with both the company and the owners having an
established good credit history.
- Sales must trend up and the amount of the financing requested
should not exceed 10% of annual sales.
- Company profitable during each of the last 2 years.
- Equity must support the loan request and should be at least equal
to the amount of the requested line of credit.
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| SMALL-BIZ
RATE REPORT |
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| •Home page |
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| CURRENT
INTEREST RATES |
| •Survey of Borrowers |
| •Survey of Lenders |
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| KEY
PROVISIONS |
| Where
you are most likely to find: |
| •The
lowest rate |
| •The
longest maturity |
| •A
call provision |
| •A
prepayment penalty |
|
| MARKET
FORECAST |
| •Are
rates rising or falling? |
| •Harder/easier
to get a loan? |
| •Who
else is borrowing? |
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| What
bankers say |
| •Is
demand rising or falling? |
| •Will
terms ease or tighten? |
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| HOW-TO
GUIDES |
| •Basics of Raising Capital |
| •Sources of Capital |
| •Step-by-Step Guide |
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| SEARCH FOR LENDERS |
| •Introduction |
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