F R E E Dom Cash LenDERs

https://freedomcashlenders247.com/

Volatility in business can affect the long-term predictability of a business’s revenue, and therefore its ability to repay a loan, which is why businesses that operate in volatile industries — such as energy, technology and financial services — may be considered high risk.

Offering collateral or having a co-signer on the loan can go a long way to help moderate that risk. A lender may also attempt to structure a loan in a way that matches up with your business’s cash flow, so it helps to be open to that.
Payment history

Businesses that have tax liens or past loan defaults demonstrate a poor repayment ability. To a lender, they are considered high risk because this payment history is an indicator of how likely they are to have difficulty making payments on any new loans.

If this is a part of your payment history, you may be able to help your case by being open and honest about it, and providing collateral to offset the lender’s risk.

F R E E Dom Cash LenDErs

https://freedomcashlenders247.com/

Although it’s not always the case, a bad personal credit score — usually a credit score from 300 to 629 — may reflect high credit utilization rates and spotty payment history, which are concerns for a lender considering issuing a new loan. You can improve personal credit by paying down credit card balances, limiting new applications and catching up on past due payments.

Lower scores may also reflect a younger age of accounts or a limited variety in types of credit accounts (i.e., loans, credit cards, etc.). If this is the case for you and your payment history and utilization are good, make sure your lender knows the whole history when it is reviewing your application.
Startups

Startup businesses may be considered high risk simply because they don’t have financial records to demonstrate their ability to make payments on a loan. In these cases, lenders rely heavily on a business owner’s personal credit and repayment history, and in some cases, collateral.