When seeking credit to acquire a new business or grow an existing business, there are many things a business owner can do to ensure a quick and successful loan process. There are also several things a business owner can do to hinder the loan process. In this post we have compiled a list of […]
Lending regulations are constantly changing, especially those that apply to SBA backed loan products. Earlier this year the SBA instituted a new version of their Standard Operating Procedures (SOP), which included language referred to as the “Personal Liquidity Test” added as part of the Credit Elsewhere Test. The Personal Liquidity Test suggests looking at all […]