What criteria would you assess to give business loan to a business that applies for it?

[Min George]

Imagine that you are to make loan decisions for a financial institution, what are the key criteria you would look at to approve a loan for a business? What would the business have to satisfy to get their loan application approved by you?

 

[Augusta]

I will look at the credit history, business history, reputation and credit score of the borrower and the business.

 

[Springtime]

I will check the credit score of the borrower, the company history, the company's current financial situation and the sales revenue.

 

[eLdavis]

The first thing to check would definitely be their credit score, how much profit they make within a month is also another factor.

 

[Kross]

I would look at the level the business is operating in and that would determine the loan amount I would approve for them.

 

[Augusta]

I will check the credit score of the borrower, the company history, the company's current financial situation and the sales revenue.

Yes these the best options to assess. So that you understand the company financial stands to deal with or not