tillful

MAY 31, 2023

While your revenue and credit scores haven’t changed, your application gets rejected. This can happen as the result of a credit crunch — also called a credit crisis or credit squeeze. As a result, they’ll need to tighten their credit standards and/or raise their interest rates to prevent further losses.

Small Businesses 52

Small Businesses Credit Scoring Default Credit Unions 52

Fundera

OCTOBER 16, 2015

Personal credit scores. Both Kabbage and OnDeck focus on your personal credit score, as opposed to your business credit score, which can be helpful if your business credit score is less than perfect or if you haven’t built up much of a history yet. Minimal time in business. OnDeck Capital.

Small Businesses 102

Small Businesses Credit Scoring Deductions Default 102

Biz2X

JUNE 20, 2023

trillion in the week ended March 15, which was more than twice the previous record drop and the biggest decline as a percent of overall deposits since the week ended March 16, 2007.” By automating underwriting and credit scoring, banks can make better lending decisions and reduce the risk of defaults.

Small Businesses 52

Small Businesses Credit Scoring Default 52

Fundera

JANUARY 7, 2016

According to the Wall Street Journal , the value of all outstanding small commercial loans (under $1 million) at federally-insured banks declined by 15% between 2007 and 2013. Also, you should keep in mind these top 5 predictive indicators of business loan defaults : Your cash-to-assets ratio is low.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

JUNE 22, 2016

If you default on your “loan” with a pawnbroker, your credit score won’t report it—but technically, this is a form of alternative lending. Alternative lenders, on the other hand, accept entrepreneurs with shorter times in business, lower credit scores, less proven revenues and cash flow…. More Frequent Repayments.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76