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Commercial Lending

Why don't lenders track what people spend their money on?

Small business/ renovation and other types of loans are unmonitored. (Large building projects are tracked constantly, but smaller loans aren't).

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David C

I help you buy, sell, plan, value a business

This is because the small business and renovation loans are usually made to a person and it's their ability to repay which is important to the bank rather than the collateral they could seize.

Only people with cash flow and a good history with the bank can get these kinds of loans.

If you'd like to chat about a strategy to finance your business just give me a call.

Cheers
www.DavidCBarnett.com

Answered almost 7 years ago