CreditStrong for Business

SEPTEMBER 13, 2024

Because if your company defaults on the debt, the government agency provides the lender with the guarantee amount, thereby reducing their risk. The SBA guarantees up to 85% of the loan if it’s $150,000 or less and up to 75% if it’s above that threshold.

Credit Scoring 52

Credit Scoring Nonprofit Organizations Credit and Collections Credit Unions 52

Lendio

AUGUST 14, 2023

Because they know they’ll get paid even if you were to default, lenders are much more willing to be generous with you. You’ll most likely qualify for an SBA Express Loan if you own a business and have a credit score of 680 or higher. The SBA’s incentive means lenders will even compete for your business.

Credit and Collections 98

Credit and Collections Nonprofit Organizations Credit Scoring Default 98

Credibly

JANUARY 5, 2023

Typically, an investment firm will underwrite a company’s new stock issue, supplying the necessary capital for an initial public offering (IPO). That said, studies have shown that only 1% – 2% of businesses default on a bridge loan. That’s because you’re more than just a credit score or bottom line.

Bad Debt 52

Bad Debt Investment Firms Credit Scoring Default 52

Credibly

JANUARY 5, 2023

Typically, an investment firm will underwrite a company’s new stock issue, supplying the necessary capital for an initial public offering (IPO). That said, studies have shown that only 1% – 2% of businesses default on a bridge loan. That’s because you’re more than just a credit score or bottom line.

Bad Debt 52

Bad Debt Investment Firms Credit Scoring Default 52