Missouri Small Business Development Centers  

  Missouri Small Business Development Centers ...
your success is our business
Tuesday, January 06, 2009  
 
 
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Credit Preview

Credit Preview checkbox

 

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Demystify the loan process with a powerful financial analysis tool—the Credit Preview.

 

When you meet with lenders, are you prepared to speak their language? How will you measure up? Now you can know before you begin the process. Using the Credit Preview, Missouri Small Business Development Center counselors can provide you with a report that will analyze your business the way a lender would. You'll be able to look at your company through your lender's eyes and get the answers to these questions:

  • What will the lender think of your loan request?
  • Are you prepared for the loan application process?
  • How well can you answer your lender s questions?
  • What is the status of your five Cs—capacity, capital, conditions, collateral and character?
  • Can you really afford the loan you re requesting?
  • How will your lender make a decision?

The credit application process is complex enough as it is. Your MO SBDC counselor can make the application process much easier for you with the preparation of a Credit Preview. Before you even begin discussions, you'll have the answers to the questions your lender is likely to ask.

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This program will point out potential weaknesses in your ability to get the needed financing. Although the Credit Preview cannot guarantee approval or disapproval, it will allow you to be prepared for the application process and includes a full assessment of your ability to pay back what you borrow.

checkboxTo let us help you chart a course to greater success, contact the Missouri Small Business Development Centers at (573) 884-1555 for a referral to one of our business counselor.


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