It’s not just your credit score.
They want to see that you’re in control of your business; that you know what monies are coming and what are going out, that you’re aware of your marketplace, that the opportunity you’re offering is one that makes sound business sense.
But there are many more factors that go into lenders’ criteria, and you probably won’t quite fit the bill on every single one. So how do you make sure that you get your application in front of the right decision makers? We’d obviously say use a broker. Not only will they understand just who will have the appetite for your application, they will also be able to present it in a fashion that gives it the best possible chance of success.
And if the traditional lenders don’t bite on your application, a seasoned broker can give you the options that are open to you in the world of alternative finance.