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Even before you began your search for small business loans , you’ve more than likely heard of a creditscore. You’ve also more than likely heard of a good creditscore, too. Here’s the gist of it: Your creditscore is a numerical indication of how responsibly you’ve handled your financial obligations.
Creditscores have become a huge part of our lives. There’s no question a good creditscore is crucial for so many varying parts of our lives, but the questions stands—what is a good creditscore? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc.,
The following article is based on the whitepaper, The Ag Lender’s Survival Guide by Rob Newberry, SVP of CreditRisk Services at Abrigo. Today, most of farmers’ cash reserves that were built up in 2012-2014 are at, or nearing, depletion. Individual creditscore (FICO). To download the whitepaper, click here.
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